My Personal CFO LLC Sells 782,000 Shares of Stagwell Inc. (NASDAQ:STGW)

My Personal CFO LLC lessened its holdings in shares of Stagwell Inc. (NASDAQ:STGW) by 57.9% in the third quarter, HoldingsChannel reports. The fund owned 567,440 shares of the company’s stock after selling 782,000 shares during the period. Stagwell makes up about 2.2% of My Personal CFO LLC’s portfolio, making the stock its 9th largest holding. My Personal CFO LLC’s holdings in Stagwell were worth $3,983,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of STGW. Foundry Partners LLC boosted its position in Stagwell by 11.3% during the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after acquiring an additional 92,154 shares during the period. Vanguard Group Inc. raised its holdings in Stagwell by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock valued at $36,306,000 after acquiring an additional 452,874 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Stagwell during the second quarter valued at approximately $2,316,000. Dimensional Fund Advisors LP raised its stake in Stagwell by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock worth $10,344,000 after acquiring an additional 127,099 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Stagwell by 44.4% in the second quarter. Concurrent Investment Advisors LLC now owns 28,875 shares of the company’s stock valued at $197,000 after buying an additional 8,875 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $7.50 price target on shares of Stagwell in a research report on Monday. Benchmark reaffirmed a “buy” rating and set a $8.50 price objective on shares of Stagwell in a research note on Wednesday, August 14th. The Goldman Sachs Group began coverage on Stagwell in a research report on Tuesday, June 25th. They set a “neutral” rating and a $6.50 price target on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $8.00 target price on shares of Stagwell in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.10.

Stagwell Stock Performance

Stagwell stock traded down $0.12 during mid-day trading on Tuesday, hitting $6.48. 267,238 shares of the company’s stock traded hands, compared to its average volume of 522,873. Stagwell Inc. has a fifty-two week low of $3.83 and a fifty-two week high of $7.50. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -220.00 and a beta of 1.34. The firm has a 50 day simple moving average of $6.97 and a two-hundred day simple moving average of $6.71. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. The firm had revenue of $671.20 million for the quarter, compared to the consensus estimate of $666.61 million. During the same quarter in the previous year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts expect that Stagwell Inc. will post 0.59 EPS for the current fiscal year.

Stagwell Profile

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.