Stagwell Inc. (NASDAQ:STGW) Receives $8.75 Consensus PT from Brokerages

Shares of Stagwell Inc. (NASDAQ:STGW - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.75.

Several analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Stagwell from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $8.00 to $9.00 in a report on Friday, February 21st. Rosenblatt Securities lifted their price target on shares of Stagwell from $9.00 to $10.00 and gave the company a "buy" rating in a report on Friday, February 28th.

Stagwell Trading Up 0.8 %

Shares of NASDAQ STGW traded up $0.05 during mid-day trading on Thursday, hitting $5.99. The stock had a trading volume of 655,299 shares, compared to its average volume of 490,716. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. Stagwell has a 1 year low of $5.29 and a 1 year high of $8.18. The business has a 50 day moving average price of $6.33 and a two-hundred day moving average price of $6.83. The firm has a market cap of $1.58 billion, a P/E ratio of 299.50 and a beta of 1.56.

Remove Ads

Institutional Trading of Stagwell

A number of hedge funds have recently modified their holdings of STGW. JPMorgan Chase & Co. boosted its holdings in shares of Stagwell by 2,968.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company's stock valued at $7,852,000 after buying an additional 1,154,458 shares in the last quarter. 683 Capital Management LLC raised its position in shares of Stagwell by 94.8% in the 4th quarter. 683 Capital Management LLC now owns 750,000 shares of the company's stock worth $4,935,000 after purchasing an additional 365,000 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Stagwell in the 4th quarter worth about $1,316,000. Northern Trust Corp raised its position in shares of Stagwell by 24.2% in the 4th quarter. Northern Trust Corp now owns 950,179 shares of the company's stock worth $6,252,000 after purchasing an additional 185,103 shares during the last quarter. Finally, Boston Partners raised its position in shares of Stagwell by 4.5% in the 4th quarter. Boston Partners now owns 2,333,593 shares of the company's stock worth $15,369,000 after purchasing an additional 101,318 shares during the last quarter. Institutional investors own 35.61% of the company's stock.

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.