Stagwell Inc. (NASDAQ:STGW) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Stagwell Inc. (NASDAQ:STGW - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $8.30.

Several equities analysts recently issued reports on STGW shares. Needham & Company LLC reiterated a "buy" rating and set a $7.50 price target on shares of Stagwell in a research report on Monday, October 21st. Benchmark upped their price target on Stagwell from $8.50 to $9.50 and gave the stock a "buy" rating in a research note on Friday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $8.00 price objective on shares of Stagwell in a report on Monday, August 5th.

Hedge Funds Weigh In On Stagwell

Several institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank grew its holdings in shares of Stagwell by 3.8% during the first quarter. Swiss National Bank now owns 178,600 shares of the company's stock valued at $1,111,000 after buying an additional 6,500 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of Stagwell by 11.3% in the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company's stock worth $5,667,000 after purchasing an additional 92,154 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Stagwell by 6.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 294,957 shares of the company's stock worth $1,835,000 after purchasing an additional 17,153 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Stagwell by 8.4% during the first quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company's stock valued at $36,306,000 after buying an additional 452,874 shares during the last quarter. Finally, Huber Capital Management LLC purchased a new stake in shares of Stagwell during the first quarter valued at $1,410,000. 35.61% of the stock is currently owned by institutional investors.

Stagwell Trading Up 7.1 %

Stagwell stock traded up $0.52 during mid-day trading on Friday, reaching $7.85. 1,608,392 shares of the company traded hands, compared to its average volume of 529,930. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90. Stagwell has a 52-week low of $4.25 and a 52-week high of $7.91. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -366.50 and a beta of 1.35. The firm's 50 day moving average price is $6.89 and its 200 day moving average price is $6.78.

Stagwell Company 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.