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

Shares of Stagwell Inc. (NASDAQ:STGW) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.50.

A number of research firms recently commented on STGW. Benchmark upped 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. Rosenblatt Securities raised their price target on Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price objective on shares of Stagwell in a research report on Monday, October 21st.

Stagwell Price Performance

STGW opened at $6.63 on Wednesday. Stagwell has a 52 week low of $4.88 and a 52 week high of $8.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $1.75 billion, a PE ratio of 21.77 and a beta of 1.46. The company has a fifty day moving average price of $7.09 and a two-hundred day moving average price of $6.93.

Institutional Investors Weigh In On Stagwell

A number of hedge funds have recently made changes to their positions in STGW. Dimensional Fund Advisors LP lifted its stake in shares of Stagwell by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after acquiring an additional 127,099 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Stagwell by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company’s stock worth $8,335,000 after purchasing an additional 25,189 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Stagwell during the second quarter worth about $2,316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Stagwell by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock valued at $1,454,000 after buying an additional 8,579 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Stagwell by 3.4% during the second quarter. Sei Investments Co. now owns 181,966 shares of the company’s stock worth $1,241,000 after purchasing an additional 5,918 shares during the period. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.