Stagwell Inc. (NASDAQ:STGW – Get Rating) CEO Mark Jeffery Penn sold 12,000,000 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $6.43, for a total value of $77,160,000.00. Following the sale, the chief executive officer now directly owns 14,502,414 shares in the company, valued at $93,250,522.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Stagwell Stock Up 4.3 %
Shares of STGW opened at $6.57 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 31.29 and a beta of 1.02. Stagwell Inc. has a 1 year low of $4.80 and a 1 year high of $9.23. The business’s 50 day simple moving average is $7.03 and its 200-day simple moving average is $7.08.
Stagwell (NASDAQ:STGW – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. Stagwell had a net margin of 1.01% and a return on equity of 12.87%. The company had revenue of $708.19 million for the quarter, compared to the consensus estimate of $719.23 million. As a group, equities analysts expect that Stagwell Inc. will post 0.81 earnings per share for the current fiscal year.
Institutional Trading of Stagwell
Analysts Set New Price Targets
STGW has been the topic of several recent analyst reports. B. Riley assumed coverage on Stagwell in a research note on Tuesday, November 15th. They set a “buy” rating and a $13.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Stagwell in a research report on Tuesday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Stagwell in a report on Friday, March 3rd. Finally, Rosenblatt Securities started coverage on shares of Stagwell in a research note on Wednesday, March 1st. They set a “buy” rating and a $10.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stagwell has a consensus rating of “Buy” and an average target price of $11.00.
Stagwell, Inc operates as media and public relations agency. It delivers brands that connect culture-moving creativity with technology to harmonize the art and science of marketing. It operates through the following segments: Integrated Agencies Network, Media Network, Communications Network, All Other, and Corporate.
- Get a free copy of the StockNews.com research report on Stagwell (STGW)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
Receive News & Ratings for Stagwell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagwell and related companies with MarketBeat.com's FREE daily email newsletter.