Stagwell (NASDAQ:STGW) Raised to Strong-Buy at The Goldman Sachs Group

Stagwell (NASDAQ:STGW) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a report released on Monday, Zacks reports.

A number of other equities analysts also recently weighed in on the company. Rosenblatt Securities boosted their target price on Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Stagwell from a “strong-buy” rating to a “buy” rating in a research report on Sunday. B. Riley Financial increased their price target on Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price target on Stagwell from $8.00 to $10.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Needham & Company LLC boosted their price objective on Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.17.

Stagwell Stock Down 0.4%

STGW opened at $8.50 on Monday. Stagwell has a fifty-two week low of $4.28 and a fifty-two week high of $9.55. The firm has a market capitalization of $2.08 billion, a P/E ratio of 141.67 and a beta of 1.30. The company’s 50-day moving average is $8.66 and its 200 day moving average is $7.44. 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 issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $786.31 million during the quarter, compared to the consensus estimate of $754.56 million. Stagwell had a net margin of 0.53% and a return on equity of 27.30%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. Research analysts expect that Stagwell will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Stagwell

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

Hedge Funds Weigh In On Stagwell

Several institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its position in Stagwell by 104.2% in the first quarter. Sei Investments Co. now owns 371,788 shares of the company’s stock worth $2,339,000 after buying an additional 189,751 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Stagwell in the second quarter valued at $3,907,000. First Trust Advisors LP raised its stake in shares of Stagwell by 53.0% in the first quarter. First Trust Advisors LP now owns 673,642 shares of the company’s stock valued at $4,237,000 after buying an additional 233,489 shares during the period. Empowered Funds LLC purchased a new position in shares of Stagwell during the 1st quarter valued at $2,862,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Stagwell during the 1st quarter valued at $846,000. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Company Profile

Stagwell Inc (NASDAQ: STGW) is a global marketing and communications network that provides services to businesses, government organizations and other institutions. The company combines creative, media, digital transformation, public relations, strategic consulting, consumer insights and data-driven marketing capabilities through a network of specialized agencies.

Its services include brand strategy and development, advertising, media planning and buying, public affairs, corporate communications, public relations, social media, technology consulting, website and product design, customer experience and analytics.