Stagwell Inc. (NASDAQ:STGW) Receives $8.50 Average Price Target from Analysts

Stagwell Inc. (NASDAQ:STGW) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to 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 equities research analysts have recently weighed in on STGW shares. Benchmark raised their target price on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities raised their price objective on shares of Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $7.50 price objective on shares of Stagwell in a research report on Monday, October 21st.

Stagwell Stock Performance

NASDAQ:STGW opened at $6.60 on Friday. Stagwell has a 12 month low of $4.88 and a 12 month high of $8.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.74 billion, a PE ratio of 22.60 and a beta of 1.44. The business’s fifty day moving average price is $7.20 and its 200 day moving average price is $6.97.

Institutional Investors Weigh In On Stagwell

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STGW. Dimensional Fund Advisors LP increased its holdings 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 valued at $10,344,000 after acquiring an additional 127,099 shares during the period. Harbor Capital Advisors Inc. increased its stake in Stagwell by 123.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock valued at $8,716,000 after purchasing an additional 685,164 shares during the period. First Pacific Advisors LP raised its holdings in shares of Stagwell by 1.8% in the second quarter. First Pacific Advisors LP now owns 994,033 shares of the company’s stock valued at $6,779,000 after buying an additional 18,050 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Stagwell by 14.6% during the second quarter. Bank of New York Mellon Corp now owns 508,930 shares of the company’s stock worth $3,471,000 after buying an additional 64,867 shares during the period. Finally, CCG Wealth Management LLC purchased a new position in shares of Stagwell during the second quarter worth about $3,008,000. Hedge funds and other institutional investors 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.