Stagwell (NASDAQ:STGW) Sets New 12-Month Low - Here's Why

Stagwell Inc. (NASDAQ:STGW - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $4.75 and last traded at $5.35, with a volume of 1253875 shares changing hands. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STGW. Rosenblatt Securities restated a "buy" rating and set a $10.00 target price on shares of Stagwell in a research report on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and set a $10.00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Wells Fargo & Company raised shares of Stagwell from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.08.

Stagwell Stock Up 2.9 %

The stock has a market capitalization of $1.45 billion, a P/E ratio of 271.75 and a beta of 1.32. The firm's 50-day simple moving average is $6.03 and its 200 day simple moving average is $6.61. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

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Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STGW. Harbor Capital Advisors Inc. lifted its stake in Stagwell by 30.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,648,791 shares of the company's stock valued at $9,975,000 after acquiring an additional 382,008 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Stagwell during the first quarter worth approximately $200,000. Perennial Advisors LLC acquired a new stake in shares of Stagwell in the fourth quarter valued at approximately $313,000. Western Wealth Management LLC bought a new position in shares of Stagwell during the 4th quarter worth approximately $197,000. Finally, PharVision Advisers LLC acquired a new position in shares of Stagwell during the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 35.61% of the company's stock.

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.