Stagwell (NASDAQ:STGW) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Stagwell (NASDAQ:STGW) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also issued reports on the company. Wells Fargo & Company upped their target price on Stagwell from $8.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Stagwell from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Zacks Research upgraded shares of Stagwell from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. B. Riley Financial upped their price target on shares of Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Needham & Company LLC increased their price objective on shares of Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.60.

Stagwell Stock Up 0.1%

Shares of NASDAQ STGW opened at $8.32 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.81 and a current ratio of 0.81. Stagwell has a 1 year low of $4.28 and a 1 year high of $9.55. The stock’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $7.32. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 138.67 and a beta of 1.22.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Stagwell had a return on equity of 27.30% and a net margin of 0.53%.The firm had revenue of $786.31 million during the quarter, compared to the consensus estimate of $754.56 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. Stagwell’s revenue for the quarter was up 11.2% on a year-over-year basis. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, equities analysts anticipate that Stagwell will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Stagwell

In other Stagwell news, insider Frank Lanuto sold 62,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $8.46, for a total transaction of $524,520.00. Following the sale, the insider owned 491,977 shares in the company, valued at $4,162,125.42. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 11.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Stagwell

Institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC raised its position in shares of Stagwell by 186.2% during the 4th quarter. Clearstead Advisors LLC now owns 7,020 shares of the company’s stock valued at $34,000 after acquiring an additional 4,567 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Stagwell by 34.7% in the first quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after purchasing an additional 5,155 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Stagwell during the second quarter valued at $52,000. Tidal Investments LLC bought a new stake in Stagwell during the second quarter valued at $117,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Stagwell during the second quarter worth $141,000. 35.61% of the stock is currently owned by institutional investors.

About Stagwell

Stagwell Inc is a global marketing and communications network that provides advertising, public relations, media, digital transformation, consumer research and strategic consulting services. Through its network of agencies, the company helps brands develop marketing strategies, create content, engage audiences and use technology and data to support business growth.

Stagwell’s businesses serve clients across industries and include capabilities such as creative advertising, media planning and buying, public affairs, healthcare communications, brand strategy, digital product development and market research.