Intech Investment Management LLC Invests $136,000 in Stagwell Inc. (NASDAQ:STGW)

Intech Investment Management LLC acquired a new position in Stagwell Inc. (NASDAQ:STGW) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 19,321 shares of the company’s stock, valued at approximately $136,000.

Several other hedge funds have also recently added to or reduced their stakes in STGW. Quarry LP acquired a new position in Stagwell during the second quarter worth about $29,000. Hsbc Holdings PLC increased its stake in shares of Stagwell by 25.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after purchasing an additional 3,360 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Stagwell in the 3rd quarter valued at approximately $153,000. Concurrent Investment Advisors LLC lifted its stake in Stagwell by 44.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,875 shares of the company’s stock valued at $197,000 after buying an additional 8,875 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Stagwell during the 3rd quarter valued at $229,000. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities boosted their price target on Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Benchmark lifted their price objective on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Stagwell Price Performance

Shares of NASDAQ:STGW opened at $7.62 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 26.47 and a beta of 1.44. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell Inc. has a 52 week low of $4.88 and a 52 week high of $8.18. The business has a fifty day simple moving average of $7.18 and a 200-day simple moving average of $6.95.

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.