Key Points
- Stagwell Director Desiree Rogers sold 12,000 shares for $129,360 at an average price of $10.78, reducing her stake by 5.58%; she retained 202,984 shares.
- Stagwell beat quarterly EPS expectations, reporting $0.34 versus the $0.31 consensus, while revenue rose 9.8% year over year to $816.03 million—below analyst estimates.
- Analysts’ consensus rating is “Moderate Buy,” with an average price target of $11.67; recent targets from Wells Fargo and Rosenblatt were raised to $12 and $13, respectively.
Stagwell Inc. (NASDAQ:STGW - Get Free Report) Director Desiree Rogers sold 12,000 shares of the business's stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $10.78, for a total value of $129,360.00. Following the transaction, the director owned 202,984 shares of the company's stock, valued at $2,188,167.52. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Stagwell Stock Performance
Shares of STGW stock opened at $11.00 on Thursday. 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 stock has a market cap of $2.69 billion, a PE ratio of 12.66 and a beta of 1.23. The stock has a 50-day moving average of $8.84 and a 200-day moving average of $7.25. Stagwell Inc. has a one year low of $4.28 and a one year high of $11.35.
Stagwell (NASDAQ:STGW - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $838.38 million. During the same period last year, the company posted $0.24 EPS. Stagwell's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that Stagwell Inc. will post 0.92 earnings per share for the current year.
Institutional Investors Weigh In On Stagwell
A number of hedge funds have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Stagwell during the 3rd quarter valued at about $87,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Stagwell in the 3rd quarter valued at approximately $683,000. State of Alaska Department of Revenue grew its position in shares of Stagwell by 5.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 34,753 shares of the company's stock valued at $282,000 after purchasing an additional 1,693 shares during the period. Tidal Investments LLC bought a new stake in Stagwell during the 2nd quarter worth approximately $117,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Stagwell during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 35.61% of the company's stock.
Analyst Ratings Changes
STGW has been the topic of several analyst reports. Wells Fargo & Company increased their target price on shares of Stagwell from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, October 30th. Rosenblatt Securities lifted their price target on shares of Stagwell from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. The Goldman Sachs Group started coverage on shares of Stagwell in a report on Monday, October 5th. They issued a "buy" rating and a $13.00 price target for the company. Wall Street Zen cut shares of Stagwell from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 25th. Finally, Weiss Ratings upgraded shares of Stagwell from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $11.67.
View Our Latest Analysis on STGW
Stagwell Company Profile
(
Get Free Report)
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.
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