VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $437,000 Investment in Stagwell Inc. $STGW

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Stagwell Inc. (NASDAQ:STGW) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 97,023 shares of the company’s stock, valued at approximately $437,000.

A number of other hedge funds have also recently modified their holdings of STGW. Teacher Retirement System of Texas bought a new stake in shares of Stagwell during the 1st quarter valued at $86,000. New York State Common Retirement Fund grew its position in shares of Stagwell by 4.6% during the 1st quarter. New York State Common Retirement Fund now owns 1,686,009 shares of the company’s stock valued at $10,200,000 after acquiring an additional 73,676 shares during the period. Allianz Asset Management GmbH grew its position in shares of Stagwell by 126.2% during the 1st quarter. Allianz Asset Management GmbH now owns 63,800 shares of the company’s stock valued at $386,000 after acquiring an additional 35,600 shares during the period. First Pacific Advisors LP grew its position in shares of Stagwell by 6.1% during the 1st quarter. First Pacific Advisors LP now owns 1,191,918 shares of the company’s stock valued at $7,211,000 after acquiring an additional 68,402 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of Stagwell during the 1st quarter valued at $175,000. Institutional investors own 35.61% of the company’s stock.

Stagwell Stock Up 4.1%

Shares of STGW stock opened at $5.11 on Friday. The company’s fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.16. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.90. The stock has a market cap of $1.32 billion, a P/E ratio of 10.87 and a beta of 1.36. Stagwell Inc. has a 52 week low of $4.03 and a 52 week high of $8.18.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on STGW. Weiss Ratings reissued a “sell (e+)” rating on shares of Stagwell in a research report on Saturday. Zacks Research raised shares of Stagwell from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Morgan Stanley dropped their target price on shares of Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Wall Street Zen downgraded shares of Stagwell from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $6.36 target price on shares of Stagwell in a report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” 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.