Stagwell Inc. (NASDAQ:STGW) Shares Purchased by First Pacific Advisors LP

First Pacific Advisors LP lifted its position in Stagwell Inc. (NASDAQ:STGW - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,123,516 shares of the company's stock after purchasing an additional 50,805 shares during the quarter. First Pacific Advisors LP owned about 0.43% of Stagwell worth $7,393,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Stagwell by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 34,935 shares of the company's stock worth $230,000 after purchasing an additional 2,378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 buying an additional 6,058 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in Stagwell by 40.3% during the 3rd quarter. TRUE Private Wealth Advisors now owns 22,308 shares of the company's stock worth $157,000 after acquiring an additional 6,408 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Stagwell by 23.3% during the third quarter. Concurrent Investment Advisors LLC now owns 35,605 shares of the company's stock valued at $250,000 after buying an additional 6,730 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Stagwell by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,703 shares of the company's stock worth $5,269,000 after acquiring an additional 6,742 shares in the last quarter. Institutional investors own 35.61% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STGW. Rosenblatt Securities raised their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company upgraded shares of Stagwell from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $8.00 to $9.00 in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.75.

Stagwell Price Performance

Shares of STGW stock traded down $0.02 during mid-day trading on Thursday, hitting $5.94. 436,740 shares of the stock were exchanged, compared to its average volume of 491,775. The company has a market cap of $1.56 billion, a PE ratio of 297.00 and a beta of 1.56. The firm has a fifty day moving average of $6.35 and a 200 day moving average of $6.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell Inc. has a 52-week low of $5.29 and a 52-week high of $8.18.

Stagwell 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.