Stagwell (NASDAQ:STGW) Coverage Initiated by Analysts at Benchmark

Benchmark initiated coverage on shares of Stagwell (NASDAQ:STGW – Get Rating) in a report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $15.00 price target on the stock.

Stagwell Stock Performance

Stagwell stock opened at $6.45 on Tuesday. The firm has a 50 day simple moving average of $6.37 and a 200-day simple moving average of $7.00. Stagwell has a 1-year low of $4.80 and a 1-year high of $11.04. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 43.00 and a beta of 1.05.

Stagwell (NASDAQ:STGW – Get Rating) last posted its quarterly earnings results on Friday, May 6th. The company reported $0.10 earnings per share for the quarter. Stagwell had a net margin of 0.85% and a return on equity of 4.58%. The business had revenue of $642.90 million during the quarter.

Insider Activity

In related news, Director Eli Samaha acquired 50,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $6.90 per share, with a total value of $345,000.00. Following the transaction, the director now owns 6,397,662 shares of the company’s stock, valued at approximately $44,143,867.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Stagwell

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in Stagwell in the 4th quarter valued at approximately $9,008,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Stagwell in the 4th quarter valued at approximately $177,000. Advisor Group Holdings Inc. purchased a new position in Stagwell in the 4th quarter valued at approximately $253,000. Arizona State Retirement System purchased a new position in Stagwell in the 4th quarter valued at approximately $149,000. Finally, Northern Trust Corp boosted its position in Stagwell by 1.0% in the 4th quarter. Northern Trust Corp now owns 547,016 shares of the company’s stock valued at $4,743,000 after buying an additional 5,490 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Stagwell Company Profile

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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, Media Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, services, 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 cookie-less data platforms for audience targeting and activation, software tools for e-commerce applications, and text messaging applications for consumer engagement.