Stagwell Inc. (NASDAQ:STGW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Stagwell Inc. (NASDAQ:STGW) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.75.

STGW has been the subject of several research reports. Rosenblatt Securities lifted their price objective on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $9.00 in a research note on Friday, February 21st.

Stagwell Stock Performance

Shares of NASDAQ STGW opened at $6.12 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a 12 month low of $5.29 and a 12 month high of $8.18. The company has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $6.81. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 306.00 and a beta of 1.56.

Hedge Funds Weigh In On Stagwell

Large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Stagwell by 304.6% in the 3rd quarter. Barclays PLC now owns 134,421 shares of the company’s stock valued at $944,000 after purchasing an additional 101,201 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Stagwell by 4.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock worth $1,454,000 after acquiring an additional 8,579 shares during the period. Principal Financial Group Inc. acquired a new position in Stagwell during the third quarter worth $229,000. Portfolio Design Labs LLC acquired a new position in Stagwell during the fourth quarter worth $271,000. Finally, FMR LLC raised its position in Stagwell by 370.3% during the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after acquiring an additional 13,252 shares during the period. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.