Stagwell (NASDAQ:STGW) Stock Price Expected to Rise, Benchmark Analyst Says

Stagwell (NASDAQ:STGW) had its target price upped by analysts at Benchmark from $8.50 to $9.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 29.60% from the stock’s previous close.

STGW has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 target price on shares of Stagwell in a research note on Monday, October 21st. Rosenblatt Securities reiterated a “buy” rating and set a $8.00 price target on shares of Stagwell in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stagwell has a consensus rating of “Moderate Buy” and an average target price of $8.30.

Stagwell Trading Up 2.9 %

Shares of STGW stock opened at $7.33 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -366.50 and a beta of 1.35. The stock has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $6.78. Stagwell has a 1-year low of $4.25 and a 1-year high of $7.50.

Institutional Trading of Stagwell

Hedge funds and other institutional investors have recently modified their holdings of the stock. Foundry Partners LLC increased its stake in shares of Stagwell by 11.3% in the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after acquiring an additional 92,154 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Stagwell by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock worth $36,306,000 after acquiring an additional 452,874 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Stagwell in the 2nd quarter worth $2,316,000. Dimensional Fund Advisors LP increased 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 worth $10,344,000 after acquiring an additional 127,099 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Stagwell by 123.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock worth $8,716,000 after acquiring an additional 685,164 shares during the last quarter. 35.61% of the stock is 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.