Brokerages Set Stagwell Inc. (NASDAQ:STGW) Price Target at $7.79

Stagwell Inc. (NASDAQ:STGW) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.79.

A number of research firms recently weighed in on STGW. Benchmark reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Stagwell in a report on Wednesday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price target on shares of Stagwell in a report on Friday, August 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $8.00 price objective on shares of Stagwell in a research report on Monday, August 5th. Finally, The Goldman Sachs Group started coverage on Stagwell in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $6.50 target price on the stock.

Hedge Funds Weigh In On Stagwell

Several hedge funds have recently modified their holdings of STGW. Foundry Partners LLC lifted its holdings in shares of Stagwell by 11.3% in the first quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock valued at $5,667,000 after buying an additional 92,154 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Stagwell by 15.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,266,750 shares of the company’s stock valued at $134,369,000 after acquiring an additional 2,731,100 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Stagwell by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock valued at $36,306,000 after purchasing an additional 452,874 shares in the last quarter. CastleKnight Management LP grew its stake in shares of Stagwell by 372.7% in the 4th quarter. CastleKnight Management LP now owns 1,467,760 shares of the company’s stock worth $9,731,000 after purchasing an additional 1,157,239 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Stagwell by 44.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,875 shares of the company’s stock worth $197,000 after purchasing an additional 8,875 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Stock Performance

Shares of STGW stock opened at $7.05 on Thursday. The company has a market cap of $1.90 billion, a P/E ratio of -235.00 and a beta of 1.35. The business has a 50 day moving average of $6.81 and a two-hundred day moving average of $6.57. Stagwell has a 52 week low of $3.83 and a 52 week high of $7.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $671.20 million for the quarter, compared to the consensus estimate of $666.61 million. Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. Stagwell’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, analysts anticipate that Stagwell will post 0.59 EPS for the current year.

Stagwell Company Profile

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.