Stagwell (NASDAQ:STGW) Earns Buy Rating from Rosenblatt Securities

Stagwell (NASDAQ:STGW)‘s stock had its “buy” rating reissued by stock analysts at Rosenblatt Securities in a research note issued to investors on Friday,Benzinga reports. They currently have a $9.00 price target on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 33.33% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Benchmark increased their price objective on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price target on shares of Stagwell in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Stagwell Price Performance

Stagwell stock opened at $6.75 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 21.23 and a beta of 1.44. The stock’s 50 day moving average is $6.63 and its 200-day moving average is $6.87. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a 12 month low of $4.88 and a 12 month high of $8.18.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co acquired a new stake in Stagwell during the third quarter worth about $77,000. KLP Kapitalforvaltning AS bought a new stake in shares of Stagwell during the 4th quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Stagwell by 59.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after acquiring an additional 6,058 shares in the last quarter. Walleye Capital LLC bought a new position in Stagwell in the fourth quarter valued at approximately $107,000. Finally, XTX Topco Ltd bought a new position in Stagwell in the fourth quarter valued at approximately $110,000. 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.