Janney Montgomery Scott LLC Takes Position in Stagwell Inc. (NASDAQ:STGW)

Janney Montgomery Scott LLC acquired a new stake in shares of Stagwell Inc. (NASDAQ:STGWGet Rating) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 41,000 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors have also recently modified their holdings of the company. Amalgamated Bank bought a new position in Stagwell during the 1st quarter worth approximately $56,000. Prospera Financial Services Inc bought a new position in Stagwell during the 1st quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Stagwell during the 2nd quarter worth approximately $95,000. Journey Strategic Wealth LLC bought a new position in Stagwell during the 1st quarter worth approximately $99,000. Finally, Russell Investments Group Ltd. bought a new position in Stagwell during the 2nd quarter worth approximately $111,000. 27.80% of the stock is currently owned by institutional investors.

Stagwell Trading Down 1.3 %

STGW opened at $7.90 on Thursday. The stock has a market cap of $2.33 billion, a PE ratio of 29.26 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average of $7.28 and a 200-day moving average of $6.86. Stagwell Inc. has a 52 week low of $4.80 and a 52 week high of $9.61.

Stagwell (NASDAQ:STGWGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.21 EPS for the quarter. The company had revenue of $663.79 million during the quarter. Stagwell had a return on equity of 5.87% and a net margin of 1.33%. Equities research analysts predict that Stagwell Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STGW shares. Benchmark began coverage on Stagwell in a research report on Tuesday, August 2nd. They set a “buy” rating and a $15.00 price target on the stock. Needham & Company LLC began coverage on Stagwell in a report on Tuesday, September 6th. They issued a “buy” rating and a $9.00 price objective for the company. They noted that the move was a valuation call. B. Riley began coverage on Stagwell in a report on Tuesday. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Stephens began coverage on Stagwell in a report on Monday. They issued an “overweight” rating and a $10.00 price objective for the company.

About Stagwell

(Get Rating)

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Media Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including cookie-less data platforms for audience targeting and activation, software tools for e-commerce applications, and text messaging applications for consumer engagement.

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Institutional Ownership by Quarter for Stagwell (NASDAQ:STGW)

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