Stagwell (NASDAQ:STGW) Upgraded at Zacks Research

Stagwell (NASDAQ:STGW) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on STGW. Seaport Res Ptn upgraded shares of Stagwell to a “strong-buy” rating in a research report on Friday, November 14th. Needham & Company LLC raised their price target on shares of Stagwell from $6.36 to $7.25 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stagwell in a report on Monday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research note on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.15.

Stagwell Stock Down 3.3%

Shares of STGW opened at $4.73 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.98. Stagwell has a 12 month low of $4.03 and a 12 month high of $7.48. The stock’s 50 day moving average is $5.17 and its two-hundred day moving average is $5.19. The firm has a market cap of $1.19 billion, a P/E ratio of 78.83 and a beta of 1.66.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Stagwell had a return on equity of 15.31% and a net margin of 0.68%.The business had revenue of $743.00 million during the quarter, compared to the consensus estimate of $743.11 million. During the same period in the prior year, the company posted $0.22 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Analysts predict that Stagwell will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Stagwell

A number of hedge funds have recently bought and sold shares of STGW. JPMorgan Chase & Co. boosted its holdings in shares of Stagwell by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,736,644 shares of the company’s stock worth $9,777,000 after purchasing an additional 644,654 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Stagwell during the third quarter worth approximately $69,000. Sherbrooke Park Advisers LLC purchased a new position in Stagwell during the third quarter worth approximately $120,000. National Bank of Canada FI boosted its stake in Stagwell by 2.5% during the third quarter. National Bank of Canada FI now owns 417,559 shares of the company’s stock worth $2,351,000 after buying an additional 10,087 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Stagwell by 15.1% in the 3rd quarter. Alliancebernstein L.P. now owns 123,780 shares of the company’s stock valued at $697,000 after buying an additional 16,200 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

About Stagwell

Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.

Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.