Stagwell (NASDAQ:STGW) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Stagwell (NASDAQ:STGW) from an equal weight rating to an overweight rating in a research report released on Friday morning, Marketbeat.com reports. They currently have $9.00 target price on the stock, up from their previous target price of $8.00.

STGW has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research report on Friday, February 14th. Benchmark boosted their price objective on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Stagwell currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.58.

Stagwell Trading Up 2.4 %

Shares of STGW stock opened at $6.30 on Friday. Stagwell has a 1 year low of $4.88 and a 1 year high of $8.18. The firm has a fifty day moving average price of $6.48 and a 200-day moving average price of $6.87. 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 cap of $1.66 billion, a price-to-earnings ratio of 20.50 and a beta of 1.44.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Stagwell by 304.6% during the 3rd quarter. Barclays PLC now owns 134,421 shares of the company’s stock valued at $944,000 after buying an additional 101,201 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Stagwell by 4.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock worth $1,454,000 after purchasing an additional 8,579 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Stagwell in the 3rd quarter worth $229,000. Portfolio Design Labs LLC purchased a new stake in Stagwell in the 4th quarter worth $271,000. Finally, FMR LLC lifted its stake in Stagwell by 370.3% in the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after purchasing an additional 13,252 shares in the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

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.