Stagwell (NASDAQ:STGW) Stock Moved Down to “Strong Sell” by Zacks Research

Stagwell (NASDAQ:STGW) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.

Several other analysts also recently weighed in on the company. Needham & Company LLC increased their target price on Stagwell from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Weiss Ratings upgraded Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Rosenblatt Securities upped their price target on Stagwell from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, October 30th. Wells Fargo & Company raised their price objective on Stagwell from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Finally, B. Riley Financial reissued a “buy” rating and set a $12.00 price objective (up from $10.00) on shares of Stagwell in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.67.

Stagwell Trading Up 7.5%

NASDAQ STGW traded up $0.81 on Thursday, hitting $11.64. 3,235,238 shares of the company were exchanged, compared to its average volume of 1,926,952. The company’s 50 day moving average price is $8.94 and its 200-day moving average price is $7.29. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $2.85 billion, a P/E ratio of 291.07 and a beta of 1.23. Stagwell has a twelve month low of $4.28 and a twelve month high of $11.67.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Stagwell had a net margin of 0.31% and a return on equity of 29.37%. The business had revenue of $816.03 million during the quarter, compared to the consensus estimate of $838.38 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts predict that Stagwell will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Stagwell

In other news, Director Desiree Rogers sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $10.78, for a total value of $129,360.00. Following the sale, the director owned 202,984 shares in the company, valued at approximately $2,188,167.52. The trade was a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in Stagwell in the 2nd quarter valued at $52,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Stagwell in the third quarter valued at about $87,000. Tidal Investments LLC acquired a new position in Stagwell during the 2nd quarter worth about $117,000. Pictet Asset Management Holding SA grew its holdings in Stagwell by 34.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after acquiring an additional 5,155 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Stagwell during the 2nd quarter worth about $141,000. 35.61% of the stock is owned by institutional investors and hedge funds.

About Stagwell

Stagwell Inc is a global marketing and communications services company that helps brands, organizations and institutions develop strategies, engage audiences and manage their reputations. Its services include advertising, media, public relations, digital marketing, consumer insights, creative development and marketing technology.

The company operates through a network of agencies and specialized businesses serving clients across North America, Europe, Asia-Pacific and other international markets.