Geode Capital Management LLC Has $12.84 Million Stake in Stagwell Inc. $STGW

Geode Capital Management LLC increased its position in Stagwell Inc. (NASDAQ:STGW - Free Report) by 23.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,852,617 shares of the company's stock after purchasing an additional 544,464 shares during the period. Geode Capital Management LLC owned approximately 1.07% of Stagwell worth $12,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mackenzie Financial Corp bought a new position in shares of Stagwell in the first quarter valued at $175,000. XTX Topco Ltd raised its holdings in shares of Stagwell by 220.5% in the 1st quarter. XTX Topco Ltd now owns 53,340 shares of the company's stock worth $323,000 after acquiring an additional 36,696 shares during the last quarter. Vanguard Group Inc. lifted its position in Stagwell by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 5,548,288 shares of the company's stock valued at $33,567,000 after acquiring an additional 149,020 shares in the last quarter. Swiss National Bank lifted its position in Stagwell by 1.5% in the 1st quarter. Swiss National Bank now owns 178,100 shares of the company's stock valued at $1,078,000 after acquiring an additional 2,600 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Stagwell by 22.3% during the 1st quarter. National Bank of Canada FI now owns 365,971 shares of the company's stock valued at $2,214,000 after purchasing an additional 66,847 shares during the last quarter. Institutional investors own 35.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on STGW. Zacks Research raised Stagwell from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Seaport Res Ptn upgraded Stagwell to a "strong-buy" rating in a report on Friday, November 14th. Wall Street Zen cut Stagwell from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Stagwell in a report on Monday. Finally, Needham & Company LLC upped their target price on shares of Stagwell from $6.36 to $7.25 and gave the stock a "buy" rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.15.

Read Our Latest Stock Analysis on Stagwell

Stagwell Stock Performance

Shares of Stagwell stock opened at $5.35 on Wednesday. The business's fifty day simple moving average is $5.17 and its 200 day simple moving average is $5.09. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.90. Stagwell Inc. has a 12 month low of $4.03 and a 12 month high of $8.11. The firm has a market capitalization of $1.35 billion, a P/E ratio of 89.17 and a beta of 1.65.

Stagwell (NASDAQ:STGW - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $743.00 million during the quarter, compared to the consensus estimate of $743.11 million. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, analysts anticipate that Stagwell Inc. will post 0.59 EPS for the current 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.

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