Stagwell (NASDAQ:STGW) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Stagwell (NASDAQ:STGW) in a research report report published on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a $7.50 price target on the stock.

Several other research analysts have also issued reports on STGW. Benchmark reaffirmed a buy rating and issued a $6.50 target price on shares of Stagwell in a research note on Friday, March 15th. TheStreet raised shares of Stagwell from a d+ rating to a c- rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Stagwell has a consensus rating of Moderate Buy and a consensus price target of $8.11.

Stagwell Stock Down 2.9 %

Shares of NASDAQ STGW opened at $5.41 on Tuesday. The firm has a market capitalization of $1.45 billion, a PE ratio of -180.33 and a beta of 1.06. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.39. Stagwell has a 1 year low of $3.83 and a 1 year high of $8.59. The firm’s 50-day moving average is $5.99 and its 200-day moving average is $5.65.

Stagwell (NASDAQ:STGW) last issued its earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). The business had revenue of $654.90 million during the quarter, compared to the consensus estimate of $683.12 million. Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.38%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. Equities analysts expect that Stagwell will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Mark Jeffery Penn bought 10,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the acquisition, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at approximately $12,898,438.80. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Mark Jeffery Penn bought 10,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the acquisition, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at approximately $12,898,438.80. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Wade Oosterman acquired 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the director now directly owns 128,204 shares of the company’s stock, valued at $646,148.16. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of Stagwell

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming acquired a new stake in shares of Stagwell in the second quarter valued at approximately $28,000. Parkside Financial Bank & Trust acquired a new stake in shares of Stagwell in the fourth quarter valued at approximately $30,000. Clear Street Markets LLC acquired a new position in Stagwell during the fourth quarter worth $31,000. Tower Research Capital LLC TRC increased its holdings in Stagwell by 75.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the company’s stock worth $34,000 after buying an additional 2,127 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Stagwell during the second quarter worth $33,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Company Profile

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, Brand Performance 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 artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.