Stagwell Inc. (NASDAQ:STGW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Stagwell Inc. (NASDAQ:STGW) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.50.

A number of brokerages have recently commented on STGW. Rosenblatt Securities raised their target price on shares of Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and set a $7.50 price target on shares of Stagwell in a research report on Monday, October 21st. Finally, Benchmark boosted their price objective on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On Stagwell

Hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its position in Stagwell by 123.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock valued at $8,716,000 after buying an additional 685,164 shares in the last quarter. CCG Wealth Management LLC purchased a new stake in Stagwell during the second quarter valued at about $3,008,000. Lighthouse Investment Partners LLC acquired a new position in Stagwell in the 2nd quarter worth approximately $2,316,000. Dimensional Fund Advisors LP boosted its position in shares of Stagwell by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock worth $10,344,000 after buying an additional 127,099 shares during the period. Finally, Barclays PLC grew its stake in Stagwell by 304.6% during the 3rd quarter. Barclays PLC now owns 134,421 shares of the company’s stock valued at $944,000 after acquiring an additional 101,201 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Stock Performance

Stagwell stock opened at $6.64 on Friday. Stagwell has a 12 month low of $4.88 and a 12 month high of $8.18. The stock’s 50-day moving average is $7.20 and its 200-day moving average is $6.96. 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 cap of $1.75 billion, a price-to-earnings ratio of 22.23 and a beta of 1.44.

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.