Benchmark Reiterates Buy Rating for Stagwell (NASDAQ:STGW)

Benchmark restated their buy rating on shares of Stagwell (NASDAQ:STGW - Free Report) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $10.00 price target on the stock.

Several other equities analysts have also commented on STGW. Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 target price on shares of Stagwell in a report on Thursday. Rosenblatt Securities restated a "buy" rating and set a $10.00 price objective on shares of Stagwell in a research note on Thursday. Finally, Wells Fargo & Company upgraded 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 note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Stagwell currently has an average rating of "Moderate Buy" and a consensus price target of $9.08.

Stagwell Stock Performance

Shares of NASDAQ STGW traded down $0.30 during midday trading on Thursday, hitting $5.33. The company's stock had a trading volume of 1,030,019 shares, compared to its average volume of 502,785. The firm has a market cap of $1.42 billion, a P/E ratio of 266.50 and a beta of 1.32. Stagwell has a 1-year low of $5.26 and a 1-year high of $8.18. The firm's fifty day moving average price is $6.23 and its 200-day moving average price is $6.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

Remove Ads

Institutional Trading of Stagwell

Several large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Stagwell in the fourth quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Stagwell during the 4th quarter worth about $69,000. BNP Paribas Financial Markets acquired a new stake in shares of Stagwell in the 4th quarter worth approximately $75,000. Paloma Partners Management Co bought a new position in shares of Stagwell in the third quarter valued at approximately $77,000. Finally, Squarepoint Ops LLC bought a new position in shares of Stagwell in the fourth quarter valued at approximately $96,000. 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.