Stagwell (NASDAQ:STGW) Given "Buy" Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Stagwell (NASDAQ:STGW - Free Report) in a report released on Monday, Benzinga reports. The firm currently has a $8.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a buy rating and set a $7.50 price objective on shares of Stagwell in a research report on Thursday, May 2nd. Benchmark increased their price objective on shares of Stagwell from $6.50 to $9.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. TheStreet raised shares of Stagwell from a d+ rating to a c- rating in a research report on Wednesday, March 6th. Finally, B. Riley increased their price objective on shares of Stagwell from $9.00 to $10.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Stagwell has a consensus rating of Moderate Buy and a consensus price target of $7.94.

Stagwell Trading Up 2.8 %

Stagwell stock traded up $0.18 during trading hours on Monday, reaching $6.67. 411,780 shares of the company's stock were exchanged, compared to its average volume of 538,528. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.59. The firm's 50 day simple moving average is $6.60 and its 200 day simple moving average is $6.34. Stagwell has a twelve month low of $3.83 and a twelve month high of $8.59. The firm has a market capitalization of $1.80 billion, a PE ratio of -222.33 and a beta of 1.29.

Stagwell (NASDAQ:STGW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. The business had revenue of $670.06 million for the quarter, compared to analyst estimates of $633.45 million. Research analysts predict that Stagwell will post 0.72 earnings per share for the current year.

Insider Activity at Stagwell

In related news, Director Bradley J. Gross sold 4,000,000 shares of the firm's stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the director now owns 12,981,022 shares of the company's stock, valued at approximately $82,299,679.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Stagwell

Several hedge funds have recently modified their holdings of STGW. Parkside Financial Bank & Trust bought a new position in shares of Stagwell during the 4th quarter worth approximately $30,000. AXQ Capital LP bought a new position in shares of Stagwell during the 3rd quarter worth approximately $53,000. Quarry LP bought a new position in shares of Stagwell during the 4th quarter worth approximately $56,000. Laurion Capital Management LP bought a new position in shares of Stagwell during the 3rd quarter worth approximately $59,000. Finally, Handelsbanken Fonder AB bought a new position in shares of Stagwell during the 4th quarter worth approximately $71,000. Institutional investors own 35.61% of the company's stock.

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.