Stagwell (NASDAQ:STGW) Hits New 12-Month High on Analyst Upgrade

Stagwell Inc. (NASDAQ:STGW)’s stock price reached a new 52-week high during trading on Friday after Benchmark raised their price target on the stock from $8.50 to $9.50. Benchmark currently has a buy rating on the stock. Stagwell traded as high as $7.77 and last traded at $7.77, with a volume of 470377 shares. The stock had previously closed at $7.33.

Other analysts have also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $8.00 price target on shares of Stagwell in a research report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Stagwell in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.30.

Institutional Investors Weigh In On Stagwell

Several institutional investors and hedge funds have recently made changes to their positions in STGW. Swiss National Bank boosted its stake in Stagwell by 3.8% during the 1st quarter. Swiss National Bank now owns 178,600 shares of the company’s stock valued at $1,111,000 after purchasing an additional 6,500 shares during the last quarter. Foundry Partners LLC increased its holdings in Stagwell by 11.3% in the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after buying an additional 92,154 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Stagwell by 6.2% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 294,957 shares of the company’s stock worth $1,835,000 after buying an additional 17,153 shares in the last quarter. Vanguard Group Inc. raised its position in Stagwell by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock worth $36,306,000 after buying an additional 452,874 shares during the last quarter. Finally, Huber Capital Management LLC bought a new position in Stagwell during the 1st quarter valued at about $1,410,000. Institutional investors own 35.61% of the company’s stock.

Stagwell Stock Performance

The business’s fifty day moving average price is $6.90 and its 200-day moving average price is $6.80. The stock has a market cap of $2.07 billion, a PE ratio of -392.50 and a beta of 1.35. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 0.90.

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.