Stagwell Inc. (NASDAQ:STGW) Director Eli Samaha Acquires 240,000 Shares

Stagwell Inc. (NASDAQ:STGW) Director Eli Samaha bought 240,000 shares of the stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $4.43 per share, with a total value of $1,063,200.00. Following the acquisition, the director now directly owns 8,014,322 shares in the company, valued at approximately $35,503,446.46. This trade represents a 3.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Eli Samaha also recently made the following trade(s):

• On Wednesday, June 4th, Eli Samaha bought 425,757 shares of Stagwell stock. The shares were acquired at an average cost of $4.27 per share, with a total value of $1,817,982.39.

Stagwell Price Performance

Shares of STGW stock opened at $4.49 on Friday. Stagwell Inc. has a 12-month low of $4.03 and a 12-month high of $8.18. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -449.00 and a beta of 1.44. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a fifty day moving average of $5.17 and a 200-day moving average of $6.12.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). The company had revenue of $651.74 million during the quarter, compared to analyst estimates of $686.46 million. Stagwell had a return on equity of 8.03% and a net margin of 0.01%. Stagwell’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that Stagwell Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Benchmark lowered shares of Stagwell from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Wells Fargo & Company decreased their price target on shares of Stagwell from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Stagwell currently has an average rating of “Moderate Buy” and a consensus target price of $8.60.

Hedge Funds Weigh In On Stagwell

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STGW. JPMorgan Chase & Co. boosted its stake in Stagwell by 2,968.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock worth $7,852,000 after purchasing an additional 1,154,458 shares during the period. Penn Capital Management Company LLC boosted its stake in Stagwell by 24.8% in the 1st quarter. Penn Capital Management Company LLC now owns 2,084,525 shares of the company’s stock worth $12,646,000 after purchasing an additional 413,597 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Stagwell by 30.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,648,791 shares of the company’s stock worth $9,975,000 after purchasing an additional 382,008 shares during the period. 683 Capital Management LLC boosted its stake in Stagwell by 94.8% in the 4th quarter. 683 Capital Management LLC now owns 750,000 shares of the company’s stock worth $4,935,000 after purchasing an additional 365,000 shares during the period. Finally, Nuveen LLC acquired a new position in Stagwell in the 1st quarter worth $1,817,000. 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.