Stagwell Inc. (NASDAQ:STGW) Shares Bought by Barclays PLC

Barclays PLC increased its stake in Stagwell Inc. (NASDAQ:STGW) by 304.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,421 shares of the company’s stock after acquiring an additional 101,201 shares during the quarter. Barclays PLC’s holdings in Stagwell were worth $944,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Stagwell in the second quarter valued at about $29,000. Paloma Partners Management Co acquired a new stake in Stagwell in the 3rd quarter valued at approximately $77,000. Hsbc Holdings PLC boosted its holdings in Stagwell by 25.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock valued at $114,000 after acquiring an additional 3,360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Stagwell by 59.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock valued at $114,000 after purchasing an additional 6,058 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after acquiring an additional 13,252 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Trading Up 1.7 %

Shares of STGW stock opened at $6.11 on Wednesday. Stagwell Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.18. The stock has a market cap of $1.61 billion, a P/E ratio of 19.80 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $7.18 and a 200-day simple moving average of $6.94.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STGW. Benchmark raised their price objective on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $7.50 price target on shares of Stagwell in a research report on Monday, October 21st. Finally, Rosenblatt Securities lifted their target price on shares of Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

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.