Rosenblatt Securities Reiterates “Buy” Rating for Stagwell (NASDAQ:STGW)

Stagwell (NASDAQ:STGW)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They presently have a $10.00 price target on the stock. Rosenblatt Securities’ target price suggests a potential upside of 87.62% from the stock’s current price.

Separately, Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $8.00 to $9.00 in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Stagwell presently has an average rating of “Moderate Buy” and an average price target of $9.08.

Stagwell Stock Performance

Shares of NASDAQ STGW opened at $5.33 on Thursday. Stagwell has a 12-month low of $5.26 and a 12-month high of $8.18. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 266.50 and a beta of 1.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a 50 day moving average of $6.23 and a 200 day moving average of $6.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STGW. Jacobs Levy Equity Management Inc. increased its stake in Stagwell by 0.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company’s stock worth $4,095,000 after buying an additional 1,759 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Stagwell by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company’s stock valued at $322,000 after purchasing an additional 1,892 shares during the period. Ameriprise Financial Inc. lifted its holdings in Stagwell by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock worth $2,312,000 after purchasing an additional 1,974 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Stagwell by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock worth $230,000 after purchasing an additional 2,378 shares during the period. Finally, Invesco Ltd. grew its holdings in Stagwell by 2.1% during the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company’s stock valued at $1,188,000 after buying an additional 3,653 shares in the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

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.