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

Stagwell Inc. (NASDAQ:STGW) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $8.58.

Several research firms recently weighed in on STGW. Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $8.00 to $9.00 in a research report on Friday. Benchmark lifted their price objective on 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 reiterated a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research note on Friday, February 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Stagwell by 304.6% in the third quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after purchasing an additional 101,201 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Stagwell by 4.3% in 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 purchasing an additional 8,579 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Stagwell in the third quarter worth $229,000. Portfolio Design Labs LLC purchased a new position in shares of Stagwell in the fourth quarter worth $271,000. Finally, FMR LLC raised its stake in shares of Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after purchasing an additional 13,252 shares during the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Trading Up 2.4 %

NASDAQ STGW opened at $6.30 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a twelve month low of $4.88 and a twelve month high of $8.18. The firm has a market capitalization of $1.66 billion, a PE ratio of 20.50 and a beta of 1.44. The stock’s 50 day moving average is $6.48 and its 200 day moving average is $6.86.

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.