Stagwell (NASDAQ:STGW) Price Target Raised to $9.00 at Rosenblatt Securities

Stagwell (NASDAQ:STGW - Free Report) had its price target raised by Rosenblatt Securities from $8.00 to $9.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on STGW. Benchmark upped their price objective on shares of 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 issued a $7.50 price target on shares of Stagwell in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Stagwell presently has an average rating of "Moderate Buy" and a consensus price target of $8.50.

Stagwell Price Performance

Shares of NASDAQ STGW traded up $0.13 during mid-day trading on Monday, reaching $7.43. The company had a trading volume of 513,680 shares, compared to its average volume of 532,199. The company has a 50-day moving average price of $6.97 and a two-hundred day moving average price of $6.85. The stock has a market cap of $1.96 billion, a PE ratio of 24.33 and a beta of 1.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a 1-year low of $4.84 and a 1-year high of $7.99.

Institutional Trading of Stagwell

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Stagwell during the 2nd quarter valued at $29,000. Paloma Partners Management Co acquired a new stake in Stagwell in the 3rd quarter worth approximately $77,000. Hsbc Holdings PLC lifted its holdings in Stagwell by 25.1% in the 2nd quarter. Hsbc Holdings PLC now owns 16,757 shares of the company's stock worth $114,000 after purchasing an additional 3,360 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Stagwell by 59.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company's stock worth $114,000 after purchasing an additional 6,058 shares during the period. Finally, FMR LLC grew its holdings in Stagwell by 370.3% during the third quarter. FMR LLC now owns 16,831 shares of the company's stock valued at $118,000 after purchasing an additional 13,252 shares during the last quarter. 35.61% of the stock is owned by hedge funds and other institutional investors.

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.