Stagwell (NASDAQ:STGW) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Stagwell (NASDAQ:STGW) in a research note published on Monday morning, Benzinga reports. They currently have a $7.50 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Rosenblatt Securities restated a “buy” rating and issued a $8.00 price objective on shares of Stagwell in a research note on Monday, August 5th. Benchmark reissued a “buy” rating and issued a $8.50 price target on shares of Stagwell in a research report on Wednesday, August 14th. Finally, The Goldman Sachs Group began coverage on shares of Stagwell in a research note on Tuesday, June 25th. They set a “neutral” rating and a $6.50 price target for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.10.

Stagwell Stock Down 1.1 %

STGW stock opened at $6.18 on Monday. Stagwell has a twelve month low of $3.83 and a twelve month high of $7.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95. The company has a market cap of $1.66 billion, a PE ratio of -206.00 and a beta of 1.34. The business’s 50-day simple moving average is $6.96 and its 200 day simple moving average is $6.71.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $671.20 million for the quarter, compared to analyst estimates of $666.61 million. Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. Stagwell’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. On average, research analysts anticipate that Stagwell will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Stagwell

A number of hedge funds have recently made changes to their positions in the company. Swiss National Bank grew its stake in Stagwell by 3.8% during the first quarter. Swiss National Bank now owns 178,600 shares of the company’s stock worth $1,111,000 after buying an additional 6,500 shares during the last quarter. Foundry Partners LLC grew its position in Stagwell by 11.3% during the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after acquiring an additional 92,154 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Stagwell by 6.2% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 294,957 shares of the company’s stock valued at $1,835,000 after purchasing an additional 17,153 shares in the last quarter. Vanguard Group Inc. increased its holdings in Stagwell by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock valued at $36,306,000 after purchasing an additional 452,874 shares in the last quarter. Finally, Huber Capital Management LLC bought a new position in Stagwell in the 1st quarter valued at $1,410,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

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.