Deutsche Bank AG Has $522,000 Stock Position in Stagwell Inc. (NASDAQ:STGW)

Deutsche Bank AG grew its holdings in shares of Stagwell Inc. (NASDAQ:STGW) by 69.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,273 shares of the company’s stock after buying an additional 32,472 shares during the quarter. Deutsche Bank AG’s holdings in Stagwell were worth $522,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Stagwell during the fourth quarter valued at about $29,000. BNP Paribas Financial Markets purchased a new position in Stagwell during the fourth quarter worth about $75,000. KLP Kapitalforvaltning AS purchased a new position in Stagwell during the fourth quarter worth about $105,000. Walleye Capital LLC purchased a new position in Stagwell during the fourth quarter worth about $107,000. Finally, XTX Topco Ltd purchased a new position in Stagwell during the fourth quarter worth about $110,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Stock Down 0.4%

STGW opened at $4.84 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -484.00 and a beta of 1.51. Stagwell Inc. has a twelve month low of $4.66 and a twelve month high of $8.18. The company’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $6.26.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.05). Stagwell had a net margin of 0.01% and a return on equity of 8.03%. The business had revenue of $651.74 million during the quarter, compared to the consensus estimate of $686.46 million. During the same period last year, the firm earned $0.16 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Wells Fargo & Company cut their price target on shares of Stagwell from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Finally, Benchmark cut shares of Stagwell from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Stagwell has a consensus rating of “Moderate Buy” and a consensus target price of $8.60.

Insider Activity

In other news, CEO Mark Jeffery Penn bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of $4.87 per share, with a total value of $48,700.00. Following the acquisition, the chief executive officer now owns 9,014,055 shares of the company’s stock, valued at approximately $43,898,447.85. The trade was a 0.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.60% of the company’s stock.

About Stagwell

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.