My Personal CFO LLC bought a new stake in shares of Stagwell Inc. (NASDAQ:STGW – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 590,882 shares of the company’s stock, valued at approximately $2,889,000. Stagwell makes up approximately 1.2% of My Personal CFO LLC’s investment portfolio, making the stock its 21st largest position.
Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Stagwell during the third quarter valued at about $47,000. Tower Research Capital LLC TRC lifted its position in shares of Stagwell by 311.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company’s stock valued at $49,000 after acquiring an additional 8,170 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Stagwell by 51.6% in the second quarter. Ameritas Investment Partners Inc. now owns 11,790 shares of the company’s stock worth $53,000 after acquiring an additional 4,013 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Stagwell in the fourth quarter worth about $61,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Stagwell during the third quarter worth about $69,000. Institutional investors own 35.61% of the company’s stock.
Stagwell Price Performance
STGW stock opened at $6.29 on Wednesday. Stagwell Inc. has a 52 week low of $4.03 and a 52 week high of $7.16. The firm has a market capitalization of $1.59 billion, a P/E ratio of 78.63 and a beta of 1.71. The company has a fifty day simple moving average of $5.61 and a two-hundred day simple moving average of $5.39. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.71.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Craig Hallum set a $8.00 price target on Stagwell and gave the stock a “buy” rating in a report on Wednesday, March 11th. Weiss Ratings raised shares of Stagwell from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 16th. Rosenblatt Securities reiterated a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research report on Wednesday, March 11th. Zacks Research downgraded shares of Stagwell from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Wall Street Zen upgraded shares of Stagwell from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.96.
Check Out Our Latest Stock Report on Stagwell
Stagwell Profile
Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.
Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.
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