Brokerages Set Stagwell Inc. (NASDAQ:STGW) Price Target at $8.75

Shares of Stagwell Inc. (NASDAQ:STGW) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.75.

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

Stagwell Trading Up 0.5 %

NASDAQ STGW opened at $6.12 on Thursday. 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 company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 306.00 and a beta of 1.56. The company’s 50-day simple moving average is $6.32 and its two-hundred day simple moving average is $6.81. Stagwell has a one year low of $5.29 and a one year high of $8.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Perennial Advisors LLC purchased a new stake in Stagwell during the 4th quarter worth approximately $313,000. Western Wealth Management LLC purchased a new stake in Stagwell during the 4th quarter worth approximately $197,000. PharVision Advisers LLC purchased a new stake in Stagwell during the 4th quarter worth approximately $125,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Stagwell by 47.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,467 shares of the company’s stock worth $2,010,000 after purchasing an additional 98,367 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Stagwell during the 4th quarter worth approximately $96,000. 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.