Vanguard Group Inc. Cuts Stock Position in Stagwell Inc. (NASDAQ:STGW)

Vanguard Group Inc. lessened its stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,399,268 shares of the company's stock after selling 175,776 shares during the quarter. Vanguard Group Inc. owned approximately 2.05% of Stagwell worth $35,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Stagwell in the fourth quarter worth about $105,000. FMR LLC grew its position in shares of Stagwell by 370.3% in the 3rd quarter. FMR LLC now owns 16,831 shares of the company's stock worth $118,000 after buying an additional 13,252 shares during the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of Stagwell during the third quarter valued at approximately $136,000. Principal Financial Group Inc. bought a new position in shares of Stagwell during the third quarter valued at approximately $229,000. Finally, Fox Run Management L.L.C. purchased a new stake in Stagwell in the fourth quarter worth $239,000. Institutional investors own 35.61% of the company's stock.

Analyst Upgrades and Downgrades

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

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Stagwell Trading Up 2.7 %

STGW traded up $0.14 during trading on Tuesday, reaching $5.42. The company had a trading volume of 687,715 shares, compared to its average volume of 513,889. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell Inc. has a 52 week low of $4.75 and a 52 week high of $8.18. The stock has a market cap of $1.45 billion, a P/E ratio of 271.00 and a beta of 1.32. The business has a 50 day simple moving average of $6.03 and a 200-day simple moving average of $6.61.

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.