AXQ Capital LP Takes Position in Stagwell Inc. $STGW

AXQ Capital LP purchased a new stake in Stagwell Inc. (NASDAQ:STGW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,376 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. grew its position in shares of Stagwell by 20.1% during the 2nd quarter. Franklin Resources Inc. now owns 47,602 shares of the company’s stock worth $214,000 after purchasing an additional 7,981 shares in the last quarter. Legal & General Group Plc raised its position in shares of Stagwell by 5.2% in the second quarter. Legal & General Group Plc now owns 101,049 shares of the company’s stock valued at $455,000 after buying an additional 5,017 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Stagwell by 34.4% in the second quarter. Intech Investment Management LLC now owns 89,241 shares of the company’s stock valued at $402,000 after buying an additional 22,828 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Stagwell by 45.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 26,725 shares of the company’s stock valued at $120,000 after buying an additional 8,305 shares during the period. Finally, Geode Capital Management LLC grew its position in Stagwell by 23.6% during the second quarter. Geode Capital Management LLC now owns 2,852,617 shares of the company’s stock worth $12,838,000 after buying an additional 544,464 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Stagwell in a report on Monday, November 17th. Rosenblatt Securities decreased their price target on Stagwell from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Needham & Company LLC boosted their price target on Stagwell from $6.36 to $7.25 and gave the company a “buy” rating in a research note on Friday, November 7th. Wall Street Zen cut shares of Stagwell from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Zacks Research upgraded shares of Stagwell from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.15.

Stagwell Stock Performance

NASDAQ STGW opened at $5.49 on Tuesday. The firm’s fifty day moving average price is $5.16 and its two-hundred day moving average price is $5.09. The stock has a market cap of $1.38 billion, a PE ratio of 91.50 and a beta of 1.51. 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 Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $8.18.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The company had revenue of $743.00 million during the quarter, compared to analysts’ expectations of $743.11 million. During the same period in the prior year, the company earned $0.22 EPS. Stagwell’s revenue was up 4.5% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. On average, equities analysts expect that Stagwell Inc. will post 0.59 EPS for the current fiscal year.

Stagwell Company Profile

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.