Stagwell Inc. (NASDAQ:STGW) Receives $7.75 Consensus Target Price from Analysts

Stagwell Inc. (NASDAQ:STGW) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $8.10.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Stagwell by 8.4% during the first quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock worth $36,306,000 after purchasing an additional 452,874 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Stagwell by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after buying an additional 127,099 shares in the last quarter. First Pacific Advisors LP increased its holdings in Stagwell by 1.8% in the second quarter. First Pacific Advisors LP now owns 994,033 shares of the company’s stock valued at $6,779,000 after buying an additional 18,050 shares in the last quarter. Foundry Partners LLC increased its holdings in 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 in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Stagwell by 270.0% in the second quarter. Harbor Capital Advisors Inc. now owns 556,430 shares of the company’s stock valued at $3,795,000 after buying an additional 406,031 shares in the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Price Performance

Shares of STGW opened at $6.86 on Monday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -228.67 and a beta of 1.34. Stagwell has a twelve month low of $3.83 and a twelve month 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. The company has a 50 day moving average of $6.96 and a two-hundred day moving average of $6.69.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $671.20 million during the quarter, compared to analyst estimates of $666.61 million. Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.06%. Stagwell’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, analysts predict that Stagwell will post 0.59 earnings per share for the current fiscal year.

About Stagwell

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.