Insider Ga Secondary C.V. Alpinvest has sold 23,328154 shares of stock for the company in a deal that took place on Tuesday, 9th May. Stock was sold for an average price $6.43 and a total of $150,030.22. This link will take you to a page that contains more information.
Stagwell Trading Up 4.2 %
The price of a share in анистратура increased by $0.23 on Wednesday to $5.76. The company exchanged 1,024,238 of its shares, as opposed to the average of 790,456. Stagwell Inc.'s 52-week low is $4.80, and its 52-week highest is $9.23. The company's market capitalization is $1.68 billion. It has a P/E of 27.43, and a beta value of 1.01. The company's debt-to equity ratio is 1.25. Its current ratio is 0.76, and its quick ratio 0.76. The company last released its quarterly earnings on Thursday, 2nd March. The company's $0.22 per share earnings for the first quarter exceeded analysts' expectations of $0.12 by $0.10. Stagwell's return on equity was 12.87%, and its net margin was 1.01%. The firm's revenue for the third quarter was $708.19 millions, which is lower than the $719.23-million consensus estimate. Stagwell Inc. is expected to post an average of 0.81 earnings per common share during the current fiscal period, according to equity research analysts.
Analysts set new price targets
STGW was the subject of many analyst reports. In a research note published on March 1st, Rosenblatt Securities began covering Stagwell. They gave the stock a 'buy rating' and set a price target of $10.00. Wells Fargo & Company began covering Stagwell on Monday in a research note. The stock was given an 'overweight rating' and a price target of $9.00. Needham & Company LLC lowered their price target for Stagwell to $8.00 in a report published on Tuesday, March 21, and gave the stock a 'buy rating'. Benchmark reiterated its 'buy rating' and set a price target of $13.00 on Stagwell shares in a report published on February 28th. Six analysts have given the stock a buy recommendation. According to MarketBeat.com the stock currently has an average rating 'Buy,' with a price target average of $10.50.
Inflows of Institutional Capital and Outflows
A number of institutional investors and hedge fund managers have bought and sold STGW shares recently. Zurcher Kantonalbank Zurich Cantonalbank purchased a new Stagwell position during the second quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased their position in Stagwell during the third quarter by 75.9%. Tower Research Capital LLC TRC owns 4,928 of the company stock, worth $34,000. This is after buying an additional 2,127 during the period. Ensign Peak Advisors Inc purchased a new Stagwell position during the third quarter valued at approximately $60,000. Boothbay Fund Management LLC purchased a new Stagwell position during the fourth quarter, valued at approximately $68,000. SG Americas securities LLC also acquired a position in Stagwell for approximately $76,000 during the third quarter. Institutional investors and hedge fund own 38.00%.
Stagwell Company profile
Stagwell, Inc is a media and public relation agency. It creates brands that combine culture-moving creativeness with technology in order to harmonize art and science of advertising. It is divided into five segments: Integrated Agencies Network (IAN), Media Network (MN), Communications Network (CN), All Other and Corporate.
MarketBeat.com offers a FREE daily email newsletter