STAGWELL INC Stock Price, News & Analysis

Stagwell (NASDAQ: STGW) announced that its Chairman and CEO, Mark Penn, will participate in a fireside chat at Citi's 2022 Global Technology Conference on September 8 from 2:30-3:10 p.m. EDT. This event provides an opportunity for investors to gain insights directly from Penn. Additionally, he will be available for one-on-one investor meetings, with inquiries directed to ir@stagwellglobal.com. Stagwell aims to transform marketing through innovative technology and creative performance, with a global team of over 13,000 specialists.

Stagwell (NASDAQ: STGW) announced that Chairman and CEO Mark Penn will participate in the Benchmark Company 2022 Consumer/Media/Entertainment Conference in New York on September 7, 2022. He will be available for one-on-one investor meetings. Interested parties can schedule a meeting by contacting ir@stagwellglobal.com. Stagwell aims to transform marketing by integrating creative performance with technology, consisting of over 13,000 specialists across more than 34 countries.

On August 22, 2022, Stagwell (NASDAQ: STGW) announced a credit rating upgrade by S&P Global from B+ to BB-. This upgrade reflects the company's improving leverage and robust net organic revenue growth. The upgrade follows a previous rating increase from Moody's earlier in the summer, where Stagwell's rating was improved to B1 from B2, with a stable outlook. CEO Mark Penn emphasized the significance of this achievement as a testament to the firm's financial management and operational progress, positioning Stagwell as a leader in the digital transformation of marketing services.

The Minnesota Twins have launched ARound, a groundbreaking shared augmented reality platform at Target Field, Minneapolis. This unique technology enhances fan engagement by providing interactive experiences during game downtime, allowing 40,000 attendees to participate in real-time 3D effects and games via the ARound app. The platform aims to redefine the fan experience by converting distractions into interactions, offering games like Batter Up and Blockbuster. Developed by Stagwell (NASDAQ: STGW), ARound represents a significant advancement in sports technology.

Stagwell Inc. announced equity inducement awards of 27,974 shares of Class A common stock to three new employees, effective August 17, 2022. The shares will vest in two installments: one-third on the second anniversary and two-thirds on the third anniversary of the grant date. This action is in compliance with Nasdaq Listing Rule 5635(c)(4), aimed at facilitating employee recruitment by providing meaningful equity incentives.

Stagwell's Multiview announced a brand evolution campaign to enhance its visibility in the B2B marketing sector, aligning with its 20-year legacy of supporting associations. The initiative features a new tagline: "Your Aspiration is Our Inspiration." With over 1,200 association partnerships, Multiview facilitates nearly $1 million monthly in non-dues revenue through digital advertising. The campaign, developed with MMI Agency, emphasizes transparency, professional growth, and the value Multiview brings to partners.

Stagwell's PRophet has appointed Charlie Tulip as Enterprise Account Executive and Kendra Lewellyn as Digital Marketing Manager to enhance its growing AI-driven PR platform. Tulip, with over 20 years of B2B sales experience, aims to attract more enterprise customers. Lewellyn, who has extensive digital marketing experience, will spearhead the company's global marketing strategy and enhance subscription offerings. The new hires come at a time of increasing demand for PRophet's innovative software designed to predict media interest and sentiment.

On August 12, 2022, Stagwell (NASDAQ: STGW) announced its exclusive sponsorship of the Creative Equals Business program, aimed at fostering female leadership in creative industries within the U.K. This six-month initiative includes 8 modules focused on inclusion as a driver for organizational change and financial growth. Applications are open until August 31, 2022. The program has already supported over 200 women's leadership development, highlighting Stagwell's commitment to improving gender equity at senior levels.