Stagwell Inc. (NASDAQ:STGW) Receives Average Rating of “Moderate Buy” from Analysts

Stagwell Inc. (NASDAQ:STGW) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.50.

STGW has been the topic of a number of recent analyst reports. Rosenblatt Securities upped their price objective on Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Stagwell in a research note on Monday, October 21st. Finally, Benchmark raised their price objective on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in Stagwell in the 2nd quarter worth approximately $29,000. Paloma Partners Management Co purchased a new position in shares of Stagwell in the third quarter valued at $77,000. Hsbc Holdings PLC grew its holdings in Stagwell by 25.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock valued at $114,000 after purchasing an additional 3,360 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Stagwell by 59.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock valued at $114,000 after purchasing an additional 6,058 shares in the last quarter. Finally, FMR LLC increased its stake in Stagwell by 370.3% during the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after buying an additional 13,252 shares during the period. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Stock Up 3.1 %

Shares of NASDAQ STGW opened at $8.10 on Tuesday. The business has a 50-day moving average of $7.12 and a two-hundred day moving average of $6.92. Stagwell has a 1 year low of $4.88 and a 1 year high of $8.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.37 and a beta of 1.35.

Stagwell Company 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.