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

Stagwell (NASDAQ:STGWGet Free Report) 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.

Check Out Our Latest Stock Report on STGW

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

(Get Free Report)

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.

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Analyst Recommendations for Stagwell (NASDAQ:STGW)

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