Stagwell (NASDAQ:STGW) Rating Lowered to Strong Sell at Zacks Research

Stagwell (NASDAQ:STGW) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

Several other research firms have also issued reports on STGW. Weiss Ratings raised Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Rosenblatt Securities increased their price objective on shares of Stagwell from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Wells Fargo & Company raised their price objective on shares of Stagwell from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Needham & Company LLC lifted their target price on shares of Stagwell from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Wall Street Zen downgraded shares of Stagwell from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.67.

Stagwell Stock Up 7.5%

Shares of Stagwell stock traded up $0.81 during midday trading on Thursday, hitting $11.64. The company had a trading volume of 3,235,238 shares, compared to its average volume of 1,926,952. Stagwell has a 52-week low of $4.28 and a 52-week high of $11.67. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $2.85 billion, a P/E ratio of 291.07 and a beta of 1.23. The company has a 50 day moving average of $8.94 and a 200 day moving average of $7.29.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Stagwell had a return on equity of 29.37% and a net margin of 0.31%. The business had revenue of $816.03 million during the quarter, compared to analysts’ expectations of $838.38 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Stagwell will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Desiree Rogers sold 12,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $10.78, for a total transaction of $129,360.00. Following the sale, the director directly owned 202,984 shares of the company’s stock, valued at $2,188,167.52. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stagwell

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Stagwell during the 2nd quarter valued at about $52,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Stagwell during the third quarter valued at approximately $87,000. Tidal Investments LLC purchased a new position in shares of Stagwell during the second quarter valued at approximately $117,000. Pictet Asset Management Holding SA lifted its position in Stagwell by 34.7% during the first quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock valued at $126,000 after purchasing an additional 5,155 shares during the period. Finally, Headlands Technologies LLC bought a new position in Stagwell during the second quarter valued at approximately $141,000. 35.61% of the stock is currently owned by institutional investors.

Stagwell Company Profile

Stagwell Inc is a global marketing and communications services company that helps brands, organizations and institutions develop strategies, engage audiences and manage their reputations. Its services include advertising, media, public relations, digital marketing, consumer insights, creative development and marketing technology.

The company operates through a network of agencies and specialized businesses serving clients across North America, Europe, Asia-Pacific and other international markets.