Portfolio Design Labs LLC Makes New $271,000 Investment in Stagwell Inc. (NASDAQ:STGW)

Portfolio Design Labs LLC acquired a new stake in Stagwell Inc. (NASDAQ:STGW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,214 shares of the company's stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Paloma Partners Management Co bought a new stake in shares of Stagwell during the 3rd quarter valued at about $77,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Stagwell by 59.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company's stock valued at $114,000 after purchasing an additional 6,058 shares in the last quarter. FMR LLC raised its stake in Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company's stock valued at $118,000 after purchasing an additional 13,252 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Stagwell in the 3rd quarter worth $136,000. Finally, Intech Investment Management LLC bought a new position in shares of Stagwell in the 3rd quarter worth $136,000. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STGW. Benchmark upped their target price on shares of 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 note on Monday, October 21st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $9.00 price objective on shares of Stagwell in a report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stagwell has a consensus rating of "Moderate Buy" and an average price target of $8.50.

Stagwell Trading Down 3.7 %

Shares of STGW traded down $0.25 during trading hours on Friday, hitting $6.50. The company had a trading volume of 315,118 shares, compared to its average volume of 282,262. The firm has a market cap of $1.71 billion, a P/E ratio of 21.23 and a beta of 1.44. The stock's 50 day moving average price is $6.59 and its 200 day moving average price is $6.87. 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 $4.88 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.