Insider Buying: Stagwell Inc. (NASDAQ:STGW) CEO Purchases 10,000 Shares of Stock

Stagwell Inc. (NASDAQ:STGWGet Free Report) CEO Mark Jeffery Penn bought 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $5.20 per share, with a total value of $52,000.00. Following the completion of the purchase, the chief executive officer now owns 2,480,469 shares in the company, valued at approximately $12,898,438.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stagwell Trading Down 1.2 %

Stagwell stock traded down $0.06 during trading on Wednesday, reaching $5.20. The company had a trading volume of 1,303,383 shares, compared to its average volume of 485,447. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.83 and a current ratio of 0.83. Stagwell Inc. has a 12-month low of $3.83 and a 12-month high of $9.23. The stock’s 50 day moving average price is $6.55 and its two-hundred day moving average price is $5.50. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -57.77 and a beta of 1.11.

Stagwell (NASDAQ:STGWGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $654.90 million for the quarter, compared to analyst estimates of $683.12 million. Stagwell had a positive return on equity of 20.27% and a negative net margin of 0.39%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, equities analysts expect that Stagwell Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STGW. Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Stagwell in a research report on Wednesday. The Goldman Sachs Group dropped their price objective on shares of Stagwell from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.28.

View Our Latest Stock Report on Stagwell

Hedge Funds Weigh In On Stagwell

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Stagwell during the fourth quarter valued at about $56,000. Price T Rowe Associates Inc. MD lifted its position in shares of Stagwell by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,114 shares of the company’s stock worth $2,230,000 after purchasing an additional 7,410 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Stagwell in the fourth quarter worth approximately $70,000. Public Employees Retirement System of Ohio lifted its position in shares of Stagwell by 28.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 106,829 shares of the company’s stock worth $708,000 after purchasing an additional 23,400 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Stagwell by 235.6% in the fourth quarter. Barclays PLC now owns 127,413 shares of the company’s stock worth $845,000 after purchasing an additional 89,449 shares in the last quarter. Institutional investors own 97.86% of the company’s stock.

Stagwell Company Profile

(Get Free Report)

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)-based communications technology, cookie-less data platforms for audience targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.

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