Stagwell (NASDAQ:STGW) Rating Reiterated by Needham & Company LLC

Stagwell (NASDAQ:STGW)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $7.50 price objective on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 41.24% from the stock’s previous close.

A number of other research analysts have also commented on STGW. TheStreet raised shares of Stagwell from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Benchmark reiterated a “buy” rating and issued a $6.50 price objective on shares of Stagwell in a research report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stagwell currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.11.

Stagwell Stock Performance

STGW stock opened at $5.31 on Tuesday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -177.00 and a beta of 1.06. The firm has a 50 day moving average of $5.97 and a two-hundred day moving average of $5.64. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.39. Stagwell has a 12 month low of $3.83 and a 12 month high of $8.59.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.38%. The company had revenue of $654.90 million for the quarter, compared to analyst estimates of $683.12 million. During the same period in the prior year, the company posted $0.22 EPS. The business’s revenue was down 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Stagwell will post 0.73 EPS for the current fiscal year.

Insider Activity

In related news, Director Wade Oosterman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $5.04 per share, with a total value of $25,200.00. Following the acquisition, the director now owns 128,204 shares of the company’s stock, valued at approximately $646,148.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Wade Oosterman bought 5,000 shares of Stagwell stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the director now directly owns 128,204 shares of the company’s stock, valued at approximately $646,148.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Jeffery Penn bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $5.20 per share, for a total transaction of $52,000.00. Following the acquisition, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at $12,898,438.80. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

Institutional Trading of Stagwell

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Stagwell by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,052 shares of the company’s stock worth $236,000 after purchasing an additional 1,528 shares during the period. Nuveen Asset Management LLC boosted its holdings in Stagwell by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 191,193 shares of the company’s stock worth $1,268,000 after buying an additional 1,562 shares during the period. Tower Research Capital LLC TRC grew its stake in Stagwell by 75.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the company’s stock valued at $34,000 after buying an additional 2,127 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in Stagwell by 2.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 112,617 shares of the company’s stock valued at $528,000 after buying an additional 2,500 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Stagwell by 10.9% during the 4th quarter. Principal Financial Group Inc. now owns 25,420 shares of the company’s stock valued at $169,000 after acquiring an additional 2,507 shares during the period. 35.61% of the stock is owned by hedge funds and other institutional investors.

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.