Stagwell (NASDAQ:STGW) Trading Up 8.5% – Here’s Why

by · The Cerbat Gem

Shares of Stagwell Inc. (NASDAQ:STGW – Get Free Report) were up 8.5% on Thursday . The stock traded as high as $5.99 and last traded at $6.0650. Approximately 1,613,982 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 1,817,017 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

STGW has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stagwell in a report on Monday, December 29th. Zacks Research raised Stagwell from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Seaport Res Ptn raised Stagwell to a “strong-buy” rating in a research note on Friday, November 14th. Wall Street Zen upgraded Stagwell from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC lifted their price objective on Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.15.

View Our Latest Research Report on Stagwell

Stagwell Stock Performance

The firm has a market capitalization of $1.65 billion, a PE ratio of 109.33 and a beta of 1.66. The business has a 50-day simple moving average of $5.29 and a 200-day simple moving average of $5.26. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.89 and a quick ratio of 0.89.

Stagwell (NASDAQ:STGW – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $743.00 million for the quarter, compared to the consensus estimate of $743.11 million. Stagwell had a return on equity of 15.31% and a net margin of 0.68%.The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Equities research analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stagwell

Hedge funds have recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in shares of Stagwell by 40.9% in the second quarter. Boston Partners now owns 3,273,852 shares of the company’s stock valued at $15,515,000 after purchasing an additional 950,913 shares during the period. ABLE Financial Group LLC bought a new stake in Stagwell during the 2nd quarter valued at $10,001,000. Janney Montgomery Scott LLC bought a new stake in Stagwell during the 2nd quarter valued at $912,000. 683 Capital Management LLC grew its position in shares of Stagwell by 26.7% during the 2nd quarter. 683 Capital Management LLC now owns 950,000 shares of the company’s stock worth $4,275,000 after buying an additional 200,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Stagwell by 23.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,852,617 shares of the company’s stock worth $12,838,000 after buying an additional 544,464 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors.

Stagwell Company Profile

(Get Free Report)

Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.

Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.

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