Stagwell Inc. (NASDAQ:STGW) Receives Average Rating of “Moderate Buy” from Brokerages

Stagwell Inc. (NASDAQ:STGW) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.50.

A number of brokerages have issued reports on STGW. Needham & Company LLC reissued a “buy” rating and issued a $7.50 price target on shares of Stagwell in a report on Monday, October 21st. Benchmark lifted their target price on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities boosted their price target on shares of Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, November 18th.

Institutional Investors Weigh In On Stagwell

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Stagwell by 9.1% during the second 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 in the last quarter. Harbor Capital Advisors Inc. boosted its stake in 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 acquiring an additional 25,189 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Stagwell during the second quarter worth about $2,316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Stagwell by 4.3% during 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 worth $1,454,000 after acquiring an additional 8,579 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in 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 acquiring an additional 5,918 shares in the last quarter. Institutional investors own 35.61% of the company’s stock.

Stagwell Price Performance

Shares of Stagwell stock opened at $6.40 on Wednesday. The firm has a market cap of $1.68 billion, a PE ratio of 22.03 and a beta of 1.46. Stagwell has a 12-month low of $4.88 and a 12-month high of $8.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The company’s fifty day simple moving average is $7.00 and its two-hundred day simple moving average is $6.92.

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.