Stagwell (NASDAQ:STGW) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Stagwell (NASDAQ:STGW) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks reports.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company upped their price target on Stagwell from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Needham & Company LLC lifted their price target on shares of Stagwell from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, October 30th. The Goldman Sachs Group started coverage on shares of Stagwell in a research report on Monday, October 5th. They issued a “buy” rating and a $13.00 target price on the stock. Wall Street Zen lowered Stagwell from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. Finally, Rosenblatt Securities increased their price target on Stagwell from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Stagwell currently has an average rating of “Moderate Buy” and an average price target of $11.67.

Stagwell Price Performance

Stagwell stock traded up $0.81 during trading on Thursday, reaching $11.64. The company had a trading volume of 3,235,238 shares, compared to its average volume of 1,926,952. 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 firm’s 50-day simple moving average is $8.94 and its 200 day simple moving average is $7.29. The firm has a market capitalization of $2.85 billion, a PE ratio of 291.07 and a beta of 1.23. Stagwell has a 1-year low of $4.28 and a 1-year high of $11.67.

Stagwell (NASDAQ:STGW) last posted its earnings results on Thursday, October 29th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $816.03 million for the quarter, compared to the consensus estimate of $838.38 million. Stagwell had a return on equity of 29.37% and a net margin of 0.31%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. As a group, equities research analysts anticipate that Stagwell will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Stagwell

In other news, Director Desiree Rogers sold 12,000 shares of Stagwell stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $10.78, for a total value of $129,360.00. Following the transaction, the director 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.20% of the company’s stock.

Hedge Funds Weigh In On Stagwell

Several large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Stagwell in the second quarter valued at about $52,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Stagwell during the 3rd quarter valued at approximately $87,000. Tidal Investments LLC acquired a new position in shares of Stagwell during the second quarter worth $117,000. Pictet Asset Management Holding SA raised its position in shares of Stagwell by 34.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 20,014 shares of the company’s stock worth $126,000 after acquiring an additional 5,155 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Stagwell in the second quarter worth $141,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

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.