Rosenblatt Securities Boosts Stagwell (NASDAQ:STGW) Price Target to $10.00

Stagwell (NASDAQ:STGW) had its target price upped by investment analysts at Rosenblatt Securities from $9.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 54.08% from the company’s current price.

Other analysts have also recently issued research reports about the company. Benchmark lifted their price target on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $8.00 to $9.00 in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stagwell presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Stagwell Trading Up 2.0 %

NASDAQ:STGW opened at $6.49 on Friday. The company has a market capitalization of $1.71 billion, a P/E ratio of 21.00 and a beta of 1.44. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a 12 month low of $5.14 and a 12 month high of $8.18. The firm has a fifty day simple moving average of $6.44 and a 200-day simple moving average of $6.88.

Institutional Trading of Stagwell

A number of hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. lifted its holdings in Stagwell by 0.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company’s stock valued at $4,095,000 after acquiring an additional 1,759 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Stagwell by 4.0% in 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. boosted its holdings in Stagwell by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock worth $2,312,000 after buying an additional 1,974 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Stagwell by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock worth $230,000 after buying an additional 2,378 shares in the last quarter. Finally, Invesco Ltd. grew its position in Stagwell by 2.1% during the fourth 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 during the period. 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.