Brokerages Set Stagwell Inc. (NASDAQ:STGW) Target Price at $8.15

Shares of Stagwell Inc. (NASDAQ:STGW) have received an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.15.

A number of equities analysts have commented on STGW shares. Needham & Company LLC lifted their target price on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Stagwell from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Zacks Research upgraded Stagwell from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Morgan Stanley lowered their price objective on Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Finally, Rosenblatt Securities reduced their target price on Stagwell from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of Stagwell by 17.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,241,987 shares of the company’s stock valued at $18,249,000 after acquiring an additional 471,017 shares during the period. Picton Mahoney Asset Management acquired a new stake in Stagwell in the 3rd quarter valued at approximately $946,000. Victory Capital Management Inc. increased its holdings in Stagwell by 796.4% in the 3rd quarter. Victory Capital Management Inc. now owns 122,194 shares of the company’s stock valued at $688,000 after purchasing an additional 108,563 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in Stagwell in the third quarter valued at approximately $217,000. Finally, Fox Run Management L.L.C. acquired a new position in Stagwell during the third quarter worth $105,000. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Stock Performance

NASDAQ STGW opened at $5.16 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s fifty day moving average is $5.21 and its two-hundred day moving average is $5.12. The firm has a market capitalization of $1.33 billion, a P/E ratio of 86.00 and a beta of 1.51. Stagwell has a fifty-two week low of $4.03 and a fifty-two week high of $8.18.

Stagwell (NASDAQ:STGW) last issued its earnings results on Thursday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $743.00 million during the quarter, compared to the consensus estimate of $743.11 million. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. On average, research analysts anticipate 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.