Brokerages Set Stagwell Inc. (NASDAQ:STGW) PT at $8.17

Stagwell Inc. (NASDAQ:STGW) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.1720.

STGW has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $6.36 price target on shares of Stagwell in a research note on Tuesday, July 22nd. Morgan Stanley reduced their price target on shares of Stagwell from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Stagwell in a research note on Wednesday, October 8th. Zacks Research raised shares of Stagwell from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of Stagwell in a research note on Monday, July 28th.

Institutional Investors Weigh In On Stagwell

Several large investors have recently added to or reduced their stakes in the business. Net Worth Advisory Group purchased a new stake in Stagwell during the 3rd quarter worth approximately $290,000. Osaic Holdings Inc. purchased a new stake in Stagwell during the 2nd quarter worth approximately $287,000. Squarepoint Ops LLC purchased a new stake in Stagwell during the 2nd quarter worth approximately $507,000. Tower Research Capital LLC TRC increased its stake in Stagwell by 311.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company’s stock worth $49,000 after buying an additional 8,170 shares during the period. Finally, Man Group plc increased its stake in Stagwell by 100.7% during the 2nd quarter. Man Group plc now owns 73,306 shares of the company’s stock worth $330,000 after buying an additional 36,779 shares during the period. 35.61% of the stock is owned by hedge funds and other institutional investors.

Stagwell Price Performance

Shares of STGW stock opened at $5.13 on Thursday. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average is $5.44 and its two-hundred day moving average is $5.16. Stagwell has a 12 month low of $4.03 and a 12 month high of $8.18. The company has a market capitalization of $1.33 billion, a PE ratio of 10.91 and a beta of 1.36.

Stagwell (NASDAQ:STGW) last issued its earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $706.82 million for the quarter, compared to analysts’ expectations of $696.03 million. During the same period last year, the firm earned $0.14 earnings per share. Stagwell’s revenue for the quarter was up 5.3% on a year-over-year basis. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Analysts predict that Stagwell will post 0.59 earnings per share for the current year.

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.