Thu Sep 19 06:15:56 UTC 2024: ## Stagwell Inc. (STGW) Receives “Moderate Buy” Rating from Analysts

**New York, NY -** Stagwell Inc. (NASDAQ: STGW), a leading provider of digital transformation services, has been assigned a “Moderate Buy” consensus rating by seven brokerage firms currently covering the company. This is according to data compiled by MarketBeat.com.

Of the analysts, two have issued “Hold” recommendations, while five have given the stock a “Buy” rating. The average 12-month price target from analysts who have updated their coverage in the past year is $7.79.

Several research firms have recently released reports on Stagwell. Needham & Company LLC, Rosenblatt Securities, and Benchmark all reiterated their “Buy” ratings, with price targets of $7.50, $8.00, and $8.50 respectively. The Goldman Sachs Group, however, initiated coverage with a “Neutral” rating and a $6.50 price objective.

Stagwell’s recent earnings report, released on August 1st, showed a miss on the consensus EPS estimate, reporting $0.14 compared to the anticipated $0.16. The company’s revenue for the quarter came in at $671.20 million, exceeding the estimated $666.61 million. Despite the EPS miss, Stagwell’s revenue grew by 7.6% year-over-year.

Analysts collectively predict that Stagwell will post $0.59 earnings per share for the current fiscal year.

Institutional investors have been showing strong interest in Stagwell. Victory Capital Management Inc., Charles Schwab Investment Management Inc., Campbell & CO Investment Adviser LLC, Schroder Investment Management Group, and CastleKnight Management LP all increased their positions in the company during the fourth quarter. Hedge funds and other institutional investors currently own 35.61% of Stagwell’s outstanding shares.

Stagwell provides a wide range of services including digital transformation, performance media and data, consumer insights and strategy, and creativity and communications. The company operates across three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network.

For more information and to receive daily updates on Stagwell and related companies, visit MarketBeat.com.

Read More