Stagwell Inc. (NASDAQ:STGW) Receives $8.50 Average Price Target from Analysts

Stagwell Inc. (NASDAQ:STGW - Get Free Report) has received an average rating of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.50.

STGW has been the topic of a number of research reports. Benchmark raised their target price on shares of Stagwell from $8.50 to $9.50 and gave the company a "buy" rating in a research report on Friday, November 8th. Rosenblatt Securities reissued a "buy" rating and set a $9.00 price objective on shares of Stagwell in a report on Friday, February 14th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC grew its holdings in Stagwell by 304.6% in the third quarter. Barclays PLC now owns 134,421 shares of the company's stock worth $944,000 after purchasing an additional 101,201 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Stagwell by 4.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company's stock worth $1,454,000 after purchasing an additional 8,579 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Stagwell during the 3rd quarter worth $229,000. FMR LLC increased its position in Stagwell by 370.3% during the 3rd quarter. FMR LLC now owns 16,831 shares of the company's stock valued at $118,000 after buying an additional 13,252 shares in the last quarter. Finally, Portfolio Design Labs LLC acquired a new position in Stagwell during the 4th quarter valued at about $271,000. Institutional investors own 35.61% of the company's stock.

Stagwell Trading Down 3.8 %

Shares of NASDAQ STGW traded down $0.25 during trading hours on Friday, reaching $6.20. The stock had a trading volume of 220,080 shares, compared to its average volume of 307,714. The business's fifty day moving average price is $6.57 and its two-hundred day moving average price is $6.87. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 21.67 and a beta of 1.44. Stagwell has a 52-week low of $4.88 and a 52-week high of $8.18. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97.

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.