Stagwell Inc. (NASDAQ:STGW) Receives $8.75 Consensus Target Price from Analysts

Shares of Stagwell Inc. (NASDAQ:STGW) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.

A number of analysts have recently commented on STGW shares. Rosenblatt Securities upped their price objective on Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $9.00 in a report on Friday, February 21st.

Stagwell Stock Up 0.8 %

STGW opened at $5.99 on Thursday. The stock has a market capitalization of $1.58 billion, a P/E ratio of 299.50 and a beta of 1.56. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day simple moving average is $6.33 and its 200-day simple moving average is $6.83. Stagwell has a one year low of $5.29 and a one year high of $8.18.

Institutional Trading of Stagwell

A number of institutional investors have recently added to or reduced their stakes in STGW. Principal Financial Group Inc. purchased a new stake in Stagwell during the 3rd quarter worth $229,000. Intech Investment Management LLC purchased a new position in Stagwell in the 3rd quarter valued at about $136,000. FMR LLC boosted its position in Stagwell by 370.3% in the 3rd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Stagwell by 59.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock valued at $114,000 after buying an additional 6,058 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Stagwell by 4.3% in 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 valued at $1,454,000 after buying an additional 8,579 shares during the last quarter. 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.