Stagwell (NASDAQ:STGW) Price Target Raised to $10.00

Stagwell (NASDAQ:STGW) had its price target raised by research analysts at Needham & Company LLC from $8.00 to $10.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 21.29% from the company’s previous close.

A number of other equities research analysts also recently weighed in on STGW. Wall Street Zen downgraded Stagwell from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded Stagwell from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of Stagwell in a research note on Tuesday, May 5th. Finally, Zacks Research upgraded Stagwell from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.20.

Stagwell Stock Performance

STGW stock traded up $0.17 on Thursday, reaching $8.24. 766,998 shares of the company were exchanged, compared to its average volume of 1,662,044. The firm has a market capitalization of $2.04 billion, a PE ratio of 117.93 and a beta of 1.26. Stagwell has a 12 month low of $4.28 and a 12 month high of $8.34. The stock’s fifty day moving average price is $7.11 and its 200 day moving average price is $6.37. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.83.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Stagwell had a net margin of 0.64% and a return on equity of 24.12%. The firm had revenue of $704.14 million during the quarter, compared to analyst estimates of $700.48 million. During the same period last year, the company earned $0.12 EPS. The company’s revenue was up 8.0% on a year-over-year basis. On average, research analysts anticipate that Stagwell will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Mark Jeffery Penn acquired 20,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $5.88 per share, with a total value of $117,600.00. Following the completion of the transaction, the chief executive officer directly owned 23,034,990 shares of the company’s stock, valued at approximately $135,445,741.20. The trade was a 0.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley J. Gross sold 2,163,790 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $6.04, for a total value of $13,069,291.60. Following the transaction, the director owned 8,789 shares of the company’s stock, valued at approximately $53,085.56. This trade represents a 99.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Stagwell

Several institutional investors and hedge funds have recently added to or reduced their stakes in STGW. Kestra Private Wealth Services LLC bought a new position in Stagwell in the first quarter valued at approximately $846,000. AdvisorShares Investments LLC acquired a new position in shares of Stagwell during the 4th quarter worth approximately $478,000. Kanen Wealth Management LLC bought a new stake in shares of Stagwell during the 1st quarter worth approximately $497,000. Tower Research Capital LLC TRC boosted its holdings in shares of Stagwell by 311.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company’s stock valued at $49,000 after buying an additional 8,170 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Stagwell in the 4th quarter valued at approximately $26,000. 35.61% of the stock is owned by institutional investors.

About Stagwell

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.