Stagwell Inc. $STGW Shares Acquired by Boston Partners

Boston Partners raised its position in Stagwell Inc. (NASDAQ:STGW) by 40.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,273,852 shares of the company’s stock after acquiring an additional 950,913 shares during the quarter. Boston Partners owned approximately 1.27% of Stagwell worth $15,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STGW. ABLE Financial Group LLC acquired a new stake in Stagwell during the 2nd quarter worth approximately $10,001,000. Geode Capital Management LLC raised its position in shares of Stagwell by 23.6% in the 2nd 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 during the period. Penn Capital Management Company LLC increased its position in shares of Stagwell by 24.8% in the first quarter. Penn Capital Management Company LLC now owns 2,084,525 shares of the company’s stock worth $12,646,000 after acquiring an additional 413,597 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Stagwell by 21.9% in the second quarter. Harbor Capital Advisors Inc. now owns 2,010,698 shares of the company’s stock valued at $9,048,000 after purchasing an additional 361,907 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Stagwell in the first quarter worth $1,817,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Price Performance

Shares of STGW opened at $5.37 on Friday. The company has a 50 day moving average of $5.17 and a 200-day moving average of $5.09. Stagwell Inc. has a twelve month low of $4.03 and a twelve month high of $8.18. 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 capitalization of $1.35 billion, a P/E ratio of 89.50 and a beta of 1.51.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.24 earnings per share (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 last year, the firm posted $0.22 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, equities research analysts forecast that Stagwell Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on STGW. Morgan Stanley lowered their price target on shares of Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Needham & Company LLC lifted their target price on shares of 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 downgraded shares of Stagwell from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Rosenblatt Securities dropped 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. Finally, Seaport Res Ptn raised shares of Stagwell to a “strong-buy” rating in a report on Friday, November 14th. 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 currently has an average rating of “Moderate Buy” and an average target price of $8.15.

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.