Stagwell (NASDAQ:STGW) Director Desiree Rogers Sells 12,000 Shares of Stock

Stagwell Inc. (NASDAQ:STGW) 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 transaction of $129,360.00. Following the completion of the transaction, the director directly owned 202,984 shares of the company’s stock, valued at approximately $2,188,167.52. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Stagwell Price Performance

Shares of STGW stock opened at $11.00 on Thursday. Stagwell Inc. has a 1 year low of $4.28 and a 1 year high of $11.35. The firm’s 50 day moving average is $8.84 and its 200-day moving average is $7.25. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.66 and a beta of 1.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.99.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $816.03 million for the quarter, compared to analysts’ expectations of $838.38 million. Stagwell had a net margin of 0.31% and a return on equity of 29.37%. Stagwell’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that Stagwell Inc. will post 0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Stagwell

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Stagwell during the 2nd quarter worth $52,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Stagwell during the 3rd quarter valued at $87,000. Tidal Investments LLC bought a new stake in shares of Stagwell during the 2nd quarter valued at $117,000. Headlands Technologies LLC acquired a new position in shares of Stagwell in the 2nd quarter valued at $141,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Stagwell by 34.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after purchasing an additional 5,155 shares during the last quarter. 35.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company increased their price objective on Stagwell from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. The Goldman Sachs Group started coverage on Stagwell in a research report on Monday, October 5th. They set a “buy” rating and a $13.00 target price for the company. Needham & Company LLC upped their price target on Stagwell from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Wall Street Zen lowered Stagwell from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. Finally, Weiss Ratings upgraded Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.67.

About Stagwell

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.