Benchmark Reaffirms Buy Rating for Stagwell (NASDAQ:STGW)

Stagwell (NASDAQ:STGW)‘s stock had its “buy” rating restated by Benchmark in a report released on Thursday,Benzinga reports. They presently have a $10.00 target price on the stock. Benchmark’s price objective would suggest a potential upside of 87.62% from the stock’s current price.

Other analysts also recently issued research reports about the company. Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday. Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $9.00 in a research report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Stagwell in a report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.08.

Stagwell Trading Down 5.3 %

NASDAQ STGW opened at $5.33 on Thursday. The company has a fifty day moving average of $6.23 and a 200 day moving average of $6.73. The company has a market capitalization of $1.42 billion, a PE ratio of 266.50 and a beta of 1.56. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. Stagwell has a 1 year low of $5.26 and a 1 year high of $8.18.

Institutional Trading of Stagwell

A number of institutional investors and hedge funds have recently made changes to their positions in STGW. Perennial Advisors LLC acquired a new stake in Stagwell in the 4th quarter valued at $313,000. Western Wealth Management LLC acquired a new stake in shares of Stagwell in the fourth quarter valued at about $197,000. PharVision Advisers LLC purchased a new stake in shares of Stagwell during the fourth quarter worth about $125,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Stagwell by 47.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,467 shares of the company’s stock worth $2,010,000 after purchasing an additional 98,367 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Stagwell in the 4th quarter valued at about $96,000. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

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.