Stagwell Inc. (NASDAQ:STGW – Get Free Report) 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.
Get Our Latest Stock Report on STGW
Institutional Inflows and Outflows
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 – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Stagwell
- What to Know About Investing in Penny Stocks
- Survey Reveals: America’s Most Coveted Businesses in 2024
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- How Can Investors Benefit From After-Hours Trading
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Receive News & Ratings for Stagwell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagwell and related companies with MarketBeat.com's FREE daily email newsletter.