The Goldman Sachs Group Begins Coverage on Stagwell (NASDAQ:STGW)

The Goldman Sachs Group started coverage on shares of Stagwell (NASDAQ:STGWFree Report) in a research report sent to investors on Tuesday morning, MarketBeat reports. The firm issued a neutral rating and a $6.50 target price on the stock.

A number of other equities analysts also recently issued reports on STGW. TheStreet raised Stagwell from a d+ rating to a c- rating in a report on Wednesday, March 6th. Rosenblatt Securities reaffirmed a buy rating and issued a $8.00 price target on shares of Stagwell in a report on Monday. B. Riley upped their price target on Stagwell from $9.00 to $10.00 and gave the company a buy rating in a report on Thursday, May 2nd. Benchmark upped their price target on Stagwell from $6.50 to $9.00 and gave the company a buy rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a buy rating and issued a $7.50 price objective on shares of Stagwell in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $7.78.

View Our Latest Stock Analysis on STGW

Stagwell Stock Up 2.3 %

STGW stock opened at $6.75 on Tuesday. The company’s 50 day moving average price is $6.67 and its 200 day moving average price is $6.35. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.83 and a current ratio of 0.83. Stagwell has a fifty-two week low of $3.83 and a fifty-two week high of $8.59. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -225.00 and a beta of 1.29.

Stagwell (NASDAQ:STGWGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $670.06 million for the quarter, compared to analysts’ expectations of $633.45 million. Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. On average, equities research analysts anticipate that Stagwell will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Bradley J. Gross sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the director now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Stagwell

Several hedge funds have recently modified their holdings of the stock. Corton Capital Inc. lifted its holdings in shares of Stagwell by 8.2% during the third quarter. Corton Capital Inc. now owns 36,965 shares of the company’s stock worth $173,000 after purchasing an additional 2,787 shares during the period. Parkside Financial Bank & Trust purchased a new position in Stagwell in the fourth quarter worth $30,000. Victory Capital Management Inc. raised its position in 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 acquiring an additional 4,807 shares in the last quarter. Swiss National Bank raised its position in Stagwell by 3.8% in the first quarter. Swiss National Bank now owns 178,600 shares of the company’s stock worth $1,111,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Quarry LP purchased a new position in Stagwell in the fourth quarter worth $56,000. 35.61% of the stock is owned by institutional investors and hedge funds.

About Stagwell

(Get Free Report)

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.

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Analyst Recommendations for Stagwell (NASDAQ:STGW)

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