Stagwell (NASDAQ:STGW) Downgraded by Wall Street Zen to Buy

Wall Street Zen cut shares of Stagwell (NASDAQ:STGW) from a strong-buy rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Rosenblatt Securities increased their price objective on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. The Goldman Sachs Group began coverage on shares of Stagwell in a research report on Monday, October 5th. They issued a “buy” rating and a $13.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Stagwell from $8.00 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, B. Riley Financial upped their price target on shares of Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.17.

Stagwell Price Performance

Stagwell stock opened at $8.98 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of 149.67 and a beta of 1.30. Stagwell has a 12 month low of $4.28 and a 12 month high of $9.64. The business has a 50 day simple moving average of $8.65 and a 200-day simple moving average of $7.69. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.81.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Stagwell had a return on equity of 27.30% and a net margin of 0.53%. The firm had revenue of $786.31 million for the quarter, compared to analyst estimates of $754.56 million. During the same quarter last year, the firm posted $0.17 EPS. The business’s revenue was up 11.2% on a year-over-year basis. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. On average, analysts anticipate that Stagwell will post 0.92 EPS for the current fiscal year.

Insider Activity at Stagwell

In other news, insider Frank Lanuto sold 62,000 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $8.46, for a total value of $524,520.00. Following the completion of the sale, the insider directly owned 491,977 shares in the company, valued at $4,162,125.42. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stagwell

A number of institutional investors and hedge funds have recently bought and sold shares of STGW. Counterpoint Mutual Funds LLC purchased a new position in Stagwell in the 3rd quarter worth approximately $683,000. State of Alaska Department of Revenue boosted its holdings in shares of Stagwell by 5.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,753 shares of the company’s stock worth $282,000 after purchasing an additional 1,693 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Stagwell in the second quarter valued at approximately $117,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Stagwell in the second quarter valued at approximately $52,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Stagwell in the second quarter valued at approximately $238,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.