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

Stagwell Inc. (NASDAQ:STGW) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.50.

Several equities research analysts recently issued reports on the company. Benchmark lifted their price objective on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $7.50 price objective on shares of Stagwell in a report on Monday, October 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 target price on shares of Stagwell in a research note on Friday.

Institutional Investors Weigh In On Stagwell

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Stagwell by 2,968.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock worth $7,852,000 after buying an additional 1,154,458 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Stagwell by 123.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock worth $8,716,000 after acquiring an additional 685,164 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Stagwell during the fourth quarter valued at $1,316,000. Northern Trust Corp raised its position in shares of Stagwell by 24.2% in the 4th quarter. Northern Trust Corp now owns 950,179 shares of the company’s stock worth $6,252,000 after purchasing an additional 185,103 shares during the last quarter. Finally, Boston Partners boosted its stake in Stagwell by 4.5% in the 4th quarter. Boston Partners now owns 2,333,593 shares of the company’s stock worth $15,369,000 after purchasing an additional 101,318 shares in the last quarter. Institutional investors own 35.61% of the company’s stock.

Stagwell Stock Performance

Stagwell stock opened at $6.50 on Friday. The firm’s 50 day simple moving average is $6.59 and its 200 day simple moving average is $6.87. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a 1-year low of $4.88 and a 1-year high of $8.18. The firm has a market capitalization of $1.71 billion, a PE ratio of 21.23 and a beta of 1.44.

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.