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

Benchmark initiated coverage on shares of Stagwell (NASDAQ:STGWGet 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:STGWGet 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

(Get Rating)

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.

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