Analysts Set Stagwell Inc. (NASDAQ:STGW) PT at $8.50

Stagwell Inc. (NASDAQ:STGW) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $8.50.

Several equities research analysts recently weighed in on STGW shares. Benchmark upped their price target on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of Stagwell in a research note on Friday, February 14th.

Stagwell Price Performance

Shares of STGW stock opened at $6.44 on Friday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 21.23 and a beta of 1.44. The business’s fifty day moving average is $6.57 and its 200 day moving average is $6.87. Stagwell has a twelve month low of $4.88 and a twelve month high of $8.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97.

Institutional Investors Weigh In On Stagwell

A number of institutional investors have recently modified their holdings of STGW. Quarry LP bought a new position in shares of Stagwell during the fourth quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Stagwell during the fourth quarter valued at $69,000. BNP Paribas Financial Markets bought a new position in shares of Stagwell during the fourth quarter valued at $75,000. Paloma Partners Management Co bought a new position in shares of Stagwell during the third quarter valued at $77,000. Finally, Squarepoint Ops LLC bought a new position in shares of Stagwell during the fourth quarter valued at $96,000. 35.61% of the stock is owned by hedge funds and other institutional investors.

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.