Stagwell Inc. (NASDAQ:STGW) Given Consensus Rating of “Moderate Buy” by Brokerages

Stagwell Inc. (NASDAQ:STGW) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.08.

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of Stagwell in a research note on Thursday. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Stagwell in a report on Thursday. Finally, Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $9.00 in a report on Friday, February 21st.

Stagwell Stock Down 5.3 %

Shares of STGW stock opened at $5.33 on Monday. Stagwell has a 52-week low of $5.26 and a 52-week high of $8.18. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 266.50 and a beta of 1.32. The firm’s 50-day moving average is $6.23 and its 200-day moving average is $6.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

Institutional Investors Weigh In On Stagwell

A number of institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in Stagwell by 304.6% during the third quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after acquiring an additional 101,201 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Stagwell by 4.3% during the 3rd 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 in the last quarter. Principal Financial Group Inc. bought a new position in shares of Stagwell during the third quarter worth approximately $229,000. Portfolio Design Labs LLC acquired a new stake in shares of Stagwell in the fourth quarter valued at approximately $271,000. Finally, FMR LLC boosted 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 valued at $118,000 after buying an additional 13,252 shares during the period. Institutional investors own 35.61% of the company’s stock.

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.