Stagwell Inc. (NASDAQ:STGW) Receives $8.50 Consensus PT from Analysts

Stagwell Inc. (NASDAQ:STGW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.50.

Several equities research analysts recently commented on the company. Rosenblatt Securities raised their target price on Stagwell from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Benchmark raised their price objective 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $7.50 target price on shares of Stagwell in a research report on Monday, October 21st.

Stagwell Trading Down 0.7 %

Stagwell stock traded down $0.06 during trading hours on Tuesday, reaching $8.04. 511,454 shares of the company's stock were exchanged, compared to its average volume of 528,849. The firm's 50 day simple moving average is $7.14 and its 200 day simple moving average is $6.93. Stagwell has a twelve month low of $4.88 and a twelve month high of $8.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $2.12 billion, a PE ratio of 27.00 and a beta of 1.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in shares of Stagwell by 123.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company's stock valued at $8,716,000 after buying an additional 685,164 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Stagwell by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company's stock worth $36,306,000 after acquiring an additional 452,874 shares in the last quarter. CCG Wealth Management LLC purchased a new stake in shares of Stagwell in the second quarter valued at about $3,008,000. Lighthouse Investment Partners LLC bought a new position in shares of Stagwell during the second quarter valued at about $2,316,000. Finally, Dimensional Fund Advisors LP grew its position in Stagwell by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company's stock worth $10,344,000 after purchasing an additional 127,099 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.