Y Intercept Hong Kong Ltd Makes New $76,000 Investment in Stagwell Inc. $STGW

Y Intercept Hong Kong Ltd acquired a new position in Stagwell Inc. (NASDAQ:STGW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,805 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds also recently made changes to their positions in STGW. Vident Advisory LLC purchased a new position in Stagwell during the first quarter valued at approximately $64,000. AQR Capital Management LLC purchased a new stake in shares of Stagwell in the first quarter worth $74,000. Teacher Retirement System of Texas bought a new stake in shares of Stagwell during the 1st quarter valued at $86,000. Oppenheimer Asset Management Inc. increased its stake in Stagwell by 11.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,663 shares of the company’s stock worth $88,000 after buying an additional 2,066 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Stagwell in the first quarter valued at about $137,000. 35.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STGW. Rosenblatt Securities cut their target price on Stagwell from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley dropped their price target on Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stagwell in a research report on Wednesday, October 8th. Needham & Company LLC upped their target price on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Research raised shares of Stagwell from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.15.

Stagwell Trading Down 14.2%

STGW stock opened at $4.82 on Monday. The firm has a fifty day moving average price of $5.25 and a 200 day moving average price of $5.13. Stagwell Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $8.18. The firm has a market cap of $1.25 billion, a PE ratio of 80.33 and a beta of 1.51. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.86 and a current ratio of 0.86.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Stagwell had a negative net margin of 0.06% and a positive return on equity of 14.54%. The business had revenue of $743.00 million during the quarter, compared to analyst estimates of $743.11 million. During the same quarter last year, the business earned $0.22 earnings per share. Stagwell’s quarterly revenue was up 4.5% compared to the same quarter last year. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Sell-side analysts anticipate that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

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.