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

Rosenblatt Securities reaffirmed their buy rating on shares of Stagwell (NASDAQ:STGW - Free Report) in a report released on Thursday,Benzinga reports. Rosenblatt Securities currently has a $10.00 price target on the stock.

Separately, Wells Fargo & Company raised Stagwell from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $8.00 to $9.00 in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.08.

Stagwell Stock Performance

Shares of NASDAQ:STGW traded down $0.30 on Thursday, reaching $5.33. The company's stock had a trading volume of 1,030,019 shares, compared to its average volume of 502,785. Stagwell has a 52-week low of $5.26 and a 52-week high of $8.18. The stock has a market capitalization of $1.42 billion, a P/E ratio of 266.50 and a beta of 1.32. The stock's 50-day moving average is $6.23 and its two-hundred day moving average is $6.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

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Hedge Funds Weigh In On Stagwell

Several hedge funds and other institutional investors have recently bought and sold shares of STGW. Jacobs Levy Equity Management Inc. increased its position in shares of Stagwell by 0.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company's stock valued at $4,095,000 after buying an additional 1,759 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Stagwell by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company's stock worth $322,000 after acquiring an additional 1,892 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Stagwell by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company's stock valued at $2,312,000 after purchasing an additional 1,974 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Stagwell by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company's stock worth $230,000 after purchasing an additional 2,378 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Stagwell by 2.1% during the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company's stock worth $1,188,000 after purchasing an additional 3,653 shares during the last quarter. 35.61% of the stock is 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.