Brokerages Set Stagwell Inc. (NASDAQ:STGW) PT at $8.17

Shares of Stagwell Inc. (NASDAQ:STGW) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $8.1720.

Several research firms have weighed in on STGW. Morgan Stanley lowered their target price on Stagwell from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $6.36 target price on shares of Stagwell in a report on Tuesday, July 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Stagwell in a report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of Stagwell in a report on Monday, July 28th. Finally, Zacks Research raised Stagwell from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st.

Institutional Trading of Stagwell

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. lifted its position in shares of Stagwell by 11.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 19,663 shares of the company’s stock valued at $88,000 after acquiring an additional 2,066 shares in the last quarter. Swiss National Bank lifted its position in shares of Stagwell by 1.5% in the first quarter. Swiss National Bank now owns 178,100 shares of the company’s stock valued at $1,078,000 after acquiring an additional 2,600 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Stagwell by 43.0% in the second quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock valued at $45,000 after acquiring an additional 3,003 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Stagwell by 4.1% in the second quarter. Coldstream Capital Management Inc. now owns 77,890 shares of the company’s stock valued at $351,000 after acquiring an additional 3,070 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Stagwell by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,193 shares of the company’s stock worth $316,000 after buying an additional 3,249 shares during the period. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Stagwell Stock Down 1.3%

Stagwell stock opened at $5.35 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.53 and a beta of 1.36. Stagwell has a fifty-two week low of $4.03 and a fifty-two week high of $8.18. The stock’s fifty day moving average is $5.42 and its two-hundred day moving average is $5.16.

Stagwell (NASDAQ:STGW) last posted its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $706.82 million during the quarter, compared to analyst estimates of $696.03 million. Stagwell had a negative net margin of 0.06% and a positive return on equity of 14.54%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Analysts predict 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.