Stagwell Inc. (NASDAQ:STGW) Receives Average Rating of “Moderate Buy” from Brokerages

Stagwell Inc. (NASDAQ:STGW) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.15.

Several equities analysts recently issued reports on STGW shares. Wall Street Zen downgraded 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 research note on Monday, September 1st. Needham & Company LLC increased their price target on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Stagwell in a research report on Monday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a report on Monday.

Hedge Funds Weigh In On Stagwell

A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new stake in Stagwell during the first quarter worth about $175,000. XTX Topco Ltd boosted its position in Stagwell by 220.5% in the 1st quarter. XTX Topco Ltd now owns 53,340 shares of the company’s stock worth $323,000 after purchasing an additional 36,696 shares in the last quarter. Vanguard Group Inc. boosted its position in Stagwell by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,548,288 shares of the company’s stock worth $33,567,000 after purchasing an additional 149,020 shares in the last quarter. Swiss National Bank grew its stake in shares of Stagwell by 1.5% during the 1st quarter. Swiss National Bank now owns 178,100 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,600 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Stagwell by 22.3% during the 1st quarter. National Bank of Canada FI now owns 365,971 shares of the company’s stock valued at $2,214,000 after purchasing an additional 66,847 shares in the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Price Performance

Shares of NASDAQ STGW opened at $5.62 on Friday. Stagwell has a fifty-two week low of $4.03 and a fifty-two week high of $7.96. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $1.42 billion, a PE ratio of 93.67 and a beta of 1.66. The business has a 50-day simple moving average of $5.17 and a two-hundred day simple moving average of $5.10.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings results 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. The business had revenue of $743.00 million for the quarter, compared to analyst estimates of $743.11 million. Stagwell had a net margin of 0.68% and a return on equity of 15.31%. Stagwell’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, equities analysts expect that Stagwell 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.