Stagwell Inc. (NASDAQ:STGW) Stock Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Stagwell Inc. (NASDAQ:STGW) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 800,703 shares of the company’s stock after buying an additional 6,742 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.30% of Stagwell worth $5,269,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STGW. Paloma Partners Management Co acquired a new position in Stagwell during the third quarter worth about $77,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Stagwell by 59.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after purchasing an additional 6,058 shares during the last quarter. FMR LLC raised its holdings in shares of 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. Coldstream Capital Management Inc. acquired a new stake in Stagwell during the third quarter valued at approximately $136,000. Finally, Intech Investment Management LLC bought a new stake in Stagwell during the third quarter worth approximately $136,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Price Performance

Shares of STGW opened at $6.21 on Wednesday. The business’s 50-day moving average is $6.33 and its 200-day moving average is $6.78. 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 $1.63 billion, a price-to-earnings ratio of 310.50 and a beta of 1.56. Stagwell Inc. has a fifty-two week low of $5.29 and a fifty-two week high of $8.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on STGW shares. Rosenblatt Securities increased their price target on Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $9.00 in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.75.

About Stagwell

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.