Vident Advisory LLC Invests $64,000 in Stagwell Inc. $STGW

Vident Advisory LLC bought a new position in shares of Stagwell Inc. (NASDAQ:STGW) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,582 shares of the company’s stock, valued at approximately $64,000.

A number of other institutional investors also recently modified their holdings of STGW. Vanguard Group Inc. increased its stake in shares of Stagwell by 2.8% during the first quarter. Vanguard Group Inc. now owns 5,548,288 shares of the company’s stock valued at $33,567,000 after buying an additional 149,020 shares during the period. Penn Capital Management Company LLC increased its stake in shares of Stagwell by 24.8% during the first quarter. Penn Capital Management Company LLC now owns 2,084,525 shares of the company’s stock valued at $12,646,000 after buying an additional 413,597 shares during the period. New York State Common Retirement Fund increased its stake in shares of Stagwell by 4.6% during the first quarter. New York State Common Retirement Fund now owns 1,686,009 shares of the company’s stock valued at $10,200,000 after buying an additional 73,676 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Stagwell by 30.2% during the first quarter. Harbor Capital Advisors Inc. now owns 1,648,791 shares of the company’s stock valued at $9,975,000 after buying an additional 382,008 shares during the period. Finally, First Pacific Advisors LP increased its stake in shares of Stagwell by 6.1% during the first quarter. First Pacific Advisors LP now owns 1,191,918 shares of the company’s stock valued at $7,211,000 after buying an additional 68,402 shares during the period. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Stagwell Price Performance

Shares of NASDAQ STGW opened at $5.57 on Friday. Stagwell Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $8.18. The company has a 50 day simple moving average of $5.33 and a two-hundred day simple moving average of $5.32. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.47 and a beta of 1.47. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.86 and a current ratio of 0.86.

Stagwell (NASDAQ:STGW) last released its earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The company had revenue of $706.82 million during the quarter, compared to the consensus estimate of $696.03 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Analysts expect that Stagwell Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research raised Stagwell from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Morgan Stanley reduced their target price on Stagwell from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Wall Street Zen cut Stagwell from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Rosenblatt Securities reissued a “buy” rating and set a $10.00 target price on shares of Stagwell in a research note on Monday, July 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $6.36 price target on shares of Stagwell in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Stagwell has an average rating of “Moderate Buy” and a consensus target price of $8.17.

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.