Stagwell Buyback
OLI recorded this information on 3/23/2022
Company:
Stagwell
Buyback:
STGW buyback
$Amount Authorized:
$125,000,000
Buyback Details:
Stagwell (NASDAQ:STGW), the challenger network built to transform marketing, today announced its Board of Directors has authorized a stock repurchase program (the "Repurchase Program") under which it may repurchase up to$125.0 millionof shares of its outstanding Class A common stock. The Repurchase Program will expire onMarch 23, 2025.
Stagwell conducts its business through its networks, which provides marketing and business solutions. Co.'s reportable segments are: Integrated Agencies Network, which includes the Anomaly Alliance, Constellation, the Code and Theory Network and the Doner Partner Network; Media Network, which is comprised of a single operating segment, the Stagwell Media Network, serves as a unified media and data management structure; Communications Network, which provides advocacy, strategic corporate communications, investor relations, public relations, online fundraising and other services; and All Other, which consists of Stagwell Marketing Cloud products such as PRophet.
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Avg. Broker Rec.
 
|
Buy (3.29 out of 4) 44th percentile
(ranked lower than approx. 56% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
