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

Stagwell (NASDAQ:STGW) had its target price boosted by Rosenblatt Securities from $8.00 to $9.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

STGW has been the subject of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 target price on shares of Stagwell in a research report on Monday, October 21st. Benchmark increased their price target on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Stagwell Price Performance

Shares of STGW opened at $7.86 on Monday. The business’s 50-day moving average is $7.01 and its 200-day moving average is $6.87. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 24.87 and a beta of 1.35. Stagwell has a fifty-two week low of $4.88 and a fifty-two week high of $7.99.

Institutional Investors Weigh In On Stagwell

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Stagwell during the second quarter worth $29,000. Paloma Partners Management Co acquired a new position in Stagwell in the third quarter valued at about $77,000. Hsbc Holdings PLC boosted its holdings in Stagwell by 25.1% during the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after buying an additional 3,360 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Stagwell by 59.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after buying an additional 6,058 shares during the period. Finally, FMR LLC increased its stake in shares of Stagwell by 370.3% in the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after acquiring an additional 13,252 shares during the last quarter. Institutional investors and hedge funds 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.