Stagwell (NASDAQ:STGW) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Stagwell (NASDAQ:STGW) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other research analysts have also commented on STGW. Needham & Company LLC lifted their price target on Stagwell from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. B. Riley Financial boosted their price target on shares of Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group initiated coverage on shares of Stagwell in a report on Monday, October 5th. They issued a “buy” rating and a $13.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Stagwell from $8.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Rosenblatt Securities lifted their target price on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Stagwell presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.17.

Stagwell Stock Performance

STGW stock opened at $8.85 on Friday. Stagwell has a 1 year low of $4.28 and a 1 year high of $9.64. The business has a 50 day simple moving average of $8.65 and a 200-day simple moving average of $7.10.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $786.31 million for the quarter, compared to analysts’ expectations of $754.56 million. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, equities research analysts predict that Stagwell will post 0.92 EPS for the current fiscal year.

Insider Activity at Stagwell

In other news, insider Frank Lanuto sold 62,000 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 491,977 shares in the company, valued at approximately $4,162,125.42. This represents a 11.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.20% of the stock is currently owned by company insiders.

Institutional Trading of Stagwell

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in Stagwell in the second quarter valued at about $52,000. Tidal Investments LLC acquired a new stake in shares of Stagwell during the second quarter valued at about $117,000. Headlands Technologies LLC acquired a new stake in shares of Stagwell during the second quarter valued at about $141,000. Pictet Asset Management Holding SA raised its stake 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 valued at $126,000 after acquiring an additional 5,155 shares during the period. Finally, Corient Private Wealth LP purchased a new stake in shares of Stagwell in the 2nd quarter valued at approximately $238,000. 35.61% of the stock is currently owned by hedge funds and other 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.