Brokerages Set Stagwell Inc. (NASDAQ:STGW) PT at $7.79

Stagwell Inc. (NASDAQ:STGW) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.79.

A number of analysts recently weighed in on STGW shares. The Goldman Sachs Group started coverage on shares of Stagwell in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $6.50 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $8.00 price objective on shares of Stagwell in a research note on Monday, August 5th. Benchmark reissued a “buy” rating and set a $8.50 price objective on shares of Stagwell in a report on Wednesday, August 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Stagwell in a report on Friday, August 2nd.

Stagwell Price Performance

Stagwell stock opened at $7.02 on Thursday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -234.00 and a beta of 1.35. The firm has a 50-day moving average of $6.81 and a two-hundred day moving average of $6.55. Stagwell has a 1 year low of $3.83 and a 1 year high of $7.50. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $671.20 million during the quarter, compared to the consensus estimate of $666.61 million. Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. During the same period last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts forecast that Stagwell will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STGW. Victory Capital Management Inc. boosted its stake in shares of Stagwell by 39.1% in the fourth quarter. Victory Capital Management Inc. now owns 17,093 shares of the company’s stock worth $113,000 after buying an additional 4,807 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Stagwell by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 779,070 shares of the company’s stock valued at $5,165,000 after buying an additional 42,490 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in Stagwell by 143.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 74,769 shares of the company’s stock worth $496,000 after acquiring an additional 44,039 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Stagwell by 14.6% during the 4th quarter. Schroder Investment Management Group now owns 5,250,838 shares of the company’s stock worth $34,813,000 after purchasing an additional 667,166 shares during the last quarter. Finally, CastleKnight Management LP raised its stake in shares of Stagwell by 372.7% in the 4th quarter. CastleKnight Management LP now owns 1,467,760 shares of the company’s stock valued at $9,731,000 after acquiring an additional 1,157,239 shares during the period. 35.61% of the stock is owned by institutional investors and hedge funds.

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.