Stagwell (NASDAQ:STGW) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Stagwell (NASDAQ:STGW) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Rosenblatt Securities boosted their price target on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Zacks Research raised shares of Stagwell from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Stagwell from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 13th. Finally, B. Riley Financial lifted 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 Friday, July 31st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.60.

Stagwell Stock Performance

Shares of STGW stock opened at $8.80 on Friday. The firm has a 50 day moving average of $8.40 and a two-hundred day moving average of $7.12. The stock has a market capitalization of $2.15 billion, a PE ratio of 146.67 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.11. Stagwell has a 52 week low of $4.28 and a 52 week high of $9.55.

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

Insiders Place Their Bets

In other Stagwell news, insider Frank Lanuto sold 62,000 shares of the firm’s 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 sale, the insider owned 491,977 shares of the company’s stock, valued at approximately $4,162,125.42. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.20% of the company’s stock.

Institutional Investors Weigh In On Stagwell

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Stagwell by 22.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,035,320 shares of the company’s stock valued at $31,671,000 after acquiring an additional 923,771 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Stagwell by 798.9% during the second quarter. California State Teachers Retirement System now owns 959,696 shares of the company’s stock worth $7,131,000 after purchasing an additional 852,934 shares during the last quarter. First Trust Advisors LP increased its position in shares of Stagwell by 53.0% during the first quarter. First Trust Advisors LP now owns 673,642 shares of the company’s stock worth $4,237,000 after purchasing an additional 233,489 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Stagwell during the second quarter worth about $3,907,000. Finally, Empowered Funds LLC purchased a new stake in shares of Stagwell in the 1st quarter valued at about $2,862,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

About Stagwell

Stagwell Inc is a global marketing and communications network that provides advertising, public relations, media, digital transformation, consumer research and strategic consulting services. Through its network of agencies, the company helps brands develop marketing strategies, create content, engage audiences and use technology and data to support business growth.

Stagwell’s businesses serve clients across industries and include capabilities such as creative advertising, media planning and buying, public affairs, healthcare communications, brand strategy, digital product development and market research.