Stagwell Inc. (NASDAQ:STGW) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Stagwell Inc. (NASDAQ:STGW - Get Free Report) have received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.08.

Several research analysts recently commented on STGW shares. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $10.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Benchmark reissued a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company upgraded Stagwell from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $8.00 to $9.00 in a research note on Friday, February 21st.

Institutional Investors Weigh In On Stagwell

Institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners raised its stake in 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 acquiring an additional 101,318 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stagwell by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,730,153 shares of the company's stock valued at $11,385,000 after purchasing an additional 51,341 shares during the period. New York State Common Retirement Fund raised its stake in shares of Stagwell by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company's stock worth $10,609,000 after purchasing an additional 6,992 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Stagwell by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company's stock worth $8,335,000 after purchasing an additional 25,189 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Stagwell by 2,968.0% in the fourth 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 during the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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Stagwell Stock Up 1.2 %

Shares of STGW stock traded up $0.06 during mid-day trading on Monday, hitting $5.18. 862,355 shares of the stock traded hands, compared to its average volume of 513,053. Stagwell has a 52-week low of $4.75 and a 52-week high of $8.18. The stock has a market cap of $1.38 billion, a P/E ratio of 259.00 and a beta of 1.32. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The stock's fifty day moving average is $6.05 and its two-hundred day moving average is $6.62.

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.