Charlene Barshefsky Purchases 24,350 Shares of Stagwell Inc. (NASDAQ:STGW) Stock

Stagwell Inc. (NASDAQ:STGW) Director Charlene Barshefsky acquired 24,350 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of $4.30 per share, with a total value of $104,705.00. Following the completion of the transaction, the director now owns 185,316 shares of the company’s stock, valued at $796,858.80. The trade was a 15.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Stagwell Stock Up 1.9%

Shares of NASDAQ STGW opened at $4.27 on Thursday. Stagwell Inc. has a 1 year low of $4.03 and a 1 year high of $8.18. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -427.00 and a beta of 1.44. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average of $5.23 and a two-hundred day moving average of $6.17.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Stagwell

Hedge funds and other institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. boosted its stake in Stagwell by 0.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company’s stock worth $4,095,000 after buying an additional 1,759 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Stagwell by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company’s stock worth $322,000 after purchasing an additional 1,892 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Stagwell by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock valued at $2,312,000 after purchasing an additional 1,974 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Stagwell by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock valued at $230,000 after buying an additional 2,378 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Stagwell by 1.5% during the 1st quarter. Swiss National Bank now owns 178,100 shares of the company’s stock worth $1,078,000 after buying an additional 2,600 shares during the last quarter. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

About Stagwell

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.