Stagwell (NASDAQ:STGW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stagwell (NASDAQ:STGW) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on STGW. Wells Fargo & Company upped their price target on Stagwell from $8.00 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 31st. B. Riley Financial lifted their price objective on Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities lifted their price objective on Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Needham & Company LLC boosted their target price on Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Stagwell has an average rating of “Moderate Buy” and an average target price of $10.17.

Stagwell Stock Performance

STGW stock opened at $8.95 on Friday. The stock has a market capitalization of $2.19 billion, a PE ratio of 11.23 and a beta of 1.30. Stagwell has a 12-month low of $4.28 and a 12-month high of $9.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.11. The stock’s 50 day simple moving average is $8.68 and its 200 day simple moving average is $7.62.

Stagwell (NASDAQ:STGW) last issued its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. The business had revenue of $786.31 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, research analysts forecast that Stagwell will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Stagwell

Hedge funds and other institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in shares of Stagwell in the 3rd quarter worth $683,000. State of Alaska Department of Revenue grew its holdings in shares of Stagwell by 5.1% in the third quarter. State of Alaska Department of Revenue now owns 34,753 shares of the company’s stock worth $282,000 after acquiring an additional 1,693 shares during the period. Tidal Investments LLC bought a new stake in shares of Stagwell in the second quarter worth $117,000. Integrated Wealth Concepts LLC purchased a new stake in Stagwell during the second quarter valued at $52,000. Finally, Corient Private Wealth LP bought a new position in Stagwell in the second quarter valued at about $238,000. 35.61% of the stock is owned by institutional investors.

Stagwell Company Profile

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.