Stagwell (NASDAQ:STGW) Sets New 1-Year Low – What’s Next?

Shares of Stagwell Inc. (NASDAQ:STGW) hit a new 52-week low on Thursday . The company traded as low as $4.75 and last traded at $5.35, with a volume of 1253875 shares trading hands. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

STGW has been the topic of several analyst reports. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $8.00 to $9.00 in a report on Friday, February 21st. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.08.

Stagwell Stock Performance

The firm has a market cap of $1.43 billion, a PE ratio of 267.50 and a beta of 1.32. The firm has a 50-day moving average price of $6.09 and a two-hundred day moving average price of $6.65. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97.

Hedge Funds Weigh In On Stagwell

Several hedge funds and other institutional investors have recently made changes to their positions in STGW. Quarry LP purchased a new position in Stagwell during the fourth quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Stagwell during the fourth quarter worth approximately $69,000. BNP Paribas Financial Markets purchased a new position in Stagwell during the fourth quarter worth approximately $75,000. Squarepoint Ops LLC purchased a new position in Stagwell during the fourth quarter worth approximately $96,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Stagwell during the fourth quarter worth approximately $105,000. Hedge funds and other 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.