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

Stagwell Inc. (NASDAQ:STGW) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $8.50.

Several research firms recently issued reports on STGW. Needham & Company LLC restated a “buy” rating and issued a $7.50 target price on shares of Stagwell in a report on Monday, October 21st. Rosenblatt Securities upped their target price on Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Benchmark lifted their target price on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Stagwell during the second quarter worth approximately $29,000. Paloma Partners Management Co acquired a new position in Stagwell during the third quarter worth $77,000. Hsbc Holdings PLC grew its holdings in shares of Stagwell by 25.1% during the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock valued at $114,000 after buying an additional 3,360 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stagwell by 59.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after acquiring an additional 6,058 shares in the last quarter. Finally, FMR LLC increased its position in shares of Stagwell by 370.3% during the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after acquiring an additional 13,252 shares in the last quarter. Institutional investors own 35.61% of the company’s stock.

Stagwell Stock Up 0.5 %

Shares of NASDAQ STGW opened at $6.50 on Friday. The company’s 50 day moving average price is $7.22 and its 200-day moving average price is $6.96. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. Stagwell has a 52-week low of $4.88 and a 52-week high of $8.18. The company has a market capitalization of $1.71 billion, a P/E ratio of 22.00 and a beta of 1.44.

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.