Stagwell Inc. (NASDAQ:STGW) Shares Sold by Caldwell Sutter Capital Inc.

Caldwell Sutter Capital Inc. trimmed its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,200 shares of the company’s stock after selling 7,000 shares during the period. Caldwell Sutter Capital Inc.’s holdings in Stagwell were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of STGW. Parkside Financial Bank & Trust acquired a new stake in shares of Stagwell during the 4th quarter valued at approximately $30,000. AXQ Capital LP acquired a new position in shares of Stagwell during the 3rd quarter worth approximately $53,000. Quarry LP acquired a new position in shares of Stagwell during the 4th quarter worth approximately $56,000. Laurion Capital Management LP acquired a new position in shares of Stagwell during the 3rd quarter worth approximately $59,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Stagwell during the 4th quarter worth approximately $71,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Bradley J. Gross sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the director now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.90% of the stock is currently owned by company insiders.

Stagwell Stock Up 1.2 %

STGW stock traded up $0.08 during trading on Wednesday, reaching $6.90. The stock had a trading volume of 240,886 shares, compared to its average volume of 539,152. Stagwell Inc. has a 1-year low of $3.83 and a 1-year high of $8.59. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $1.86 billion, a P/E ratio of -227.33 and a beta of 1.36. The firm has a fifty day moving average price of $6.73 and a 200 day moving average price of $6.38.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. The firm had revenue of $670.06 million during the quarter, compared to analyst estimates of $633.45 million. On average, equities analysts anticipate that Stagwell Inc. will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

STGW has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Stagwell in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $6.50 target price for the company. TheStreet raised shares of Stagwell from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Rosenblatt Securities reissued a “buy” rating and set a $8.00 price objective on shares of Stagwell in a research note on Monday, June 24th. Needham & Company LLC reissued a “buy” rating and set a $7.50 price objective on shares of Stagwell in a research note on Thursday, May 2nd. Finally, Benchmark boosted their price objective on shares of Stagwell from $6.50 to $9.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.78.

About Stagwell

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.