Stagwell (NASDAQ:STGW) Shares Climb 5.5% – Here’s What Happened

Stagwell Inc. (NASDAQ:STGW) shares rose 5.5% during mid-day trading on Tuesday. The stock traded as high as $9.26 and last traded at $9.3450. Approximately 248,429 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,593,704 shares. The stock had previously closed at $8.86.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Rosenblatt Securities raised their price objective on Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Needham & Company LLC lifted their price objective on Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their target price on Stagwell from $8.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen lowered Stagwell from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. Finally, The Goldman Sachs Group began coverage on Stagwell in a research report on Monday, October 5th. They issued a “buy” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Stagwell has an average rating of “Moderate Buy” and a consensus price target of $10.17.

Stagwell Stock Performance

The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $2.29 billion, a P/E ratio of 155.93 and a beta of 1.30. The stock’s fifty day moving average price is $8.68 and its two-hundred day moving average price is $7.52.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The company 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 for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, equities analysts predict that Stagwell Inc. will post 0.92 earnings per share for the current year.

Insider Activity at Stagwell

In other Stagwell news, insider Frank Lanuto sold 62,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $8.46, for a total value of $524,520.00. Following the sale, the insider owned 491,977 shares in the company, valued at approximately $4,162,125.42. The trade was a 11.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Stagwell in the second quarter valued at approximately $52,000. Tidal Investments LLC bought a new position in shares of Stagwell during the 2nd quarter worth approximately $117,000. Headlands Technologies LLC acquired a new stake in shares of Stagwell during the 2nd quarter worth approximately $141,000. Pictet Asset Management Holding SA grew its position in shares of Stagwell by 34.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after buying an additional 5,155 shares during the period. Finally, Corient Private Wealth LP acquired a new stake in shares of Stagwell during the 2nd quarter worth approximately $238,000. 35.61% of the stock is owned by institutional investors.

About Stagwell

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.