Stagwell (NASDAQ:STGW) Hits New 1-Year Low – Should You Sell?

Stagwell Inc. (NASDAQ:STGW)’s share price reached a new 52-week low during trading on Saturday . The company traded as low as $4.69 and last traded at $4.86, with a volume of 2638148 shares traded. The stock had previously closed at $4.99.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Benchmark decreased their target price on Stagwell from $10.00 to $9.50 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $8.00 to $9.00 in a research note on Friday, February 21st. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of Stagwell in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.80.

Stagwell Price Performance

The company has a market cap of $1.30 billion, a price-to-earnings ratio of 243.00 and a beta of 1.51. The company’s 50-day simple moving average is $5.68 and its 200-day simple moving average is $6.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). The firm had revenue of $651.74 million during the quarter, compared to analyst estimates of $686.46 million. Stagwell had a return on equity of 8.03% and a net margin of 0.01%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, equities research analysts anticipate that Stagwell Inc. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Stagwell

A number of hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its stake in Stagwell by 0.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company’s stock worth $4,095,000 after purchasing an additional 1,759 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Stagwell by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company’s stock valued at $322,000 after buying an additional 1,892 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Stagwell by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock worth $2,312,000 after buying an additional 1,974 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Stagwell by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock worth $230,000 after acquiring an additional 2,378 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Stagwell by 2.1% in the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company’s stock valued at $1,188,000 after acquiring an additional 3,653 shares during the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Company Profile

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.