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

Shares of Stagwell Inc. (NASDAQ:STGW) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $8.30.

A number of research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $7.50 price objective on shares of Stagwell in a research note on Monday, October 21st. Benchmark lifted their target price on shares of Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $8.00 target price on shares of Stagwell in a research note on Monday, August 5th.

Stagwell Trading Down 1.9 %

Shares of STGW opened at $7.67 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 firm has a 50 day simple moving average of $6.92 and a 200-day simple moving average of $6.82. Stagwell has a 1-year low of $4.29 and a 1-year high of $7.99. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 24.43 and a beta of 1.35.

Hedge Funds Weigh In On Stagwell

A number of hedge funds have recently made changes to their positions in STGW. Harbor Capital Advisors Inc. lifted its holdings in shares of Stagwell by 123.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock valued at $8,716,000 after acquiring an additional 685,164 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stagwell by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock valued at $36,306,000 after acquiring an additional 452,874 shares in the last quarter. CCG Wealth Management LLC acquired a new position in shares of Stagwell during the 2nd quarter valued at $3,008,000. Lighthouse Investment Partners LLC acquired a new position in shares of Stagwell during the 2nd quarter valued at $2,316,000. Finally, Huber Capital Management LLC acquired a new position in shares of Stagwell during the 1st quarter valued at $1,410,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

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.