Stagwell's (STGW) Buy Rating Reaffirmed at Rosenblatt Securities

Stagwell (NASDAQ:STGW - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Rosenblatt Securities in a report released on Friday,Benzinga reports. They presently have a $9.00 price target on the stock. Rosenblatt Securities' target price suggests a potential upside of 39.75% from the stock's current price.

Several other brokerages also recently weighed in on STGW. Benchmark increased their target price on Stagwell from $8.50 to $9.50 and gave the company a "buy" rating in a research note on Friday, November 8th. Needham & Company LLC restated a "buy" rating and set a $7.50 target price on shares of Stagwell in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $8.50.

Stagwell Stock Performance

NASDAQ:STGW traded down $0.06 during mid-day trading on Friday, hitting $6.44. 417,043 shares of the company's stock traded hands, compared to its average volume of 311,972. The firm has a 50 day moving average of $6.57 and a two-hundred day moving average of $6.87. Stagwell has a 12 month low of $4.88 and a 12 month high of $8.18. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 21.23 and a beta of 1.44. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97.

Institutional Trading of Stagwell

A number of hedge funds have recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of Stagwell in the 4th quarter worth approximately $197,000. PharVision Advisers LLC bought a new stake in shares of Stagwell in the 4th quarter worth approximately $125,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Stagwell by 47.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,467 shares of the company's stock worth $2,010,000 after acquiring an additional 98,367 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Stagwell in the 4th quarter worth approximately $96,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Stagwell during the 4th quarter worth approximately $69,000. 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.