Insider Selling: Stagwell (NASDAQ:STGW) Director Sells $129,360.00 in Stock

Stagwell Inc. (NASDAQ:STGW) Director Desiree Rogers sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $10.78, for a total value 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 represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stagwell Trading Up 2.2%

STGW traded up $0.24 during trading on Wednesday, hitting $11.00. The company’s stock had a trading volume of 3,989,350 shares, compared to its average volume of 1,648,178. Stagwell Inc. has a twelve month low of $4.28 and a twelve month high of $11.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock’s fifty day moving average price is $8.79 and its 200-day moving average price is $7.22. The firm has a market capitalization of $2.69 billion, a P/E ratio of 275.07 and a beta of 1.23.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Stagwell had a net margin of 0.31% and a return on equity of 29.37%. The company had revenue of $816.03 million during the quarter, compared to analyst estimates of $838.38 million. During the same quarter in the previous year, the business posted $0.24 EPS. Stagwell’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts anticipate that Stagwell Inc. will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Stagwell by 22.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,035,320 shares of the company’s stock valued at $31,671,000 after acquiring an additional 923,771 shares during the period. Bank of New York Mellon Corp bought a new stake in Stagwell during the 2nd quarter worth approximately $3,907,000. Empowered Funds LLC bought a new stake in Stagwell during the 1st quarter worth approximately $2,862,000. First Trust Advisors LP lifted its stake in Stagwell by 53.0% in the 1st quarter. First Trust Advisors LP now owns 673,642 shares of the company’s stock worth $4,237,000 after purchasing an additional 233,489 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Stagwell by 104.2% in the 1st quarter. Sei Investments Co. now owns 371,788 shares of the company’s stock worth $2,339,000 after purchasing an additional 189,751 shares in the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. B. Riley Financial reiterated a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Stagwell in a report on Friday, October 30th. The Goldman Sachs Group initiated coverage on shares of Stagwell in a report on Monday, October 5th. They set a “buy” rating and a $13.00 price objective on the stock. Needham & Company LLC upped their target price on shares of Stagwell from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Wall Street Zen downgraded shares of Stagwell from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. Finally, Weiss Ratings raised shares of Stagwell from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.67.

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.