Stagwell Inc. (NASDAQ:STGW) Receives Average Recommendation of “Moderate Buy” from Analysts

Stagwell Inc. (NASDAQ:STGW) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.50.

Several equities research analysts have issued reports on STGW shares. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price target on shares of Stagwell in a research note on Monday, October 21st. Benchmark raised 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. Finally, Rosenblatt Securities lifted their price target on Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, November 18th.

Stagwell Price Performance

STGW stock opened at $6.51 on Wednesday. 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 firm has a market cap of $1.71 billion, a P/E ratio of 22.03 and a beta of 1.46. Stagwell has a 1 year low of $4.88 and a 1 year high of $8.18. The stock’s 50 day moving average price is $7.02 and its 200 day moving average price is $6.92.

Institutional Investors Weigh In On Stagwell

Several institutional investors and hedge funds have recently added to or reduced their stakes in STGW. Quarry LP purchased a new stake in shares of Stagwell during the 2nd quarter worth about $29,000. Paloma Partners Management Co purchased a new stake in Stagwell during the third quarter worth approximately $77,000. Hsbc Holdings PLC increased its position in shares of Stagwell by 25.1% in the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after acquiring an additional 3,360 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 acquiring an additional 6,058 shares during the period. Finally, FMR LLC lifted its holdings in shares of Stagwell by 370.3% during the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after acquiring an additional 13,252 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.