Stagwell (NASDAQ:STGW) Reaches New 12-Month High – Still a Buy?

Stagwell Inc. (NASDAQ:STGWGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $8.18 and last traded at $8.17, with a volume of 330302 shares. The stock had previously closed at $7.86.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STGW. Rosenblatt Securities lifted their target price on Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC restated a “buy” rating and issued a $7.50 price objective on shares of Stagwell in a research note 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 research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.50.

Get Our Latest Stock Analysis on Stagwell

Stagwell Stock Up 3.1 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market cap of $2.13 billion, a PE ratio of 26.37 and a beta of 1.35. The stock has a fifty day simple moving average of $7.10 and a two-hundred day simple moving average of $6.91.

Institutional Trading of Stagwell

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC lifted its position in Stagwell by 1.2% in the second quarter. Clear Harbor Asset Management LLC now owns 126,117 shares of the company’s stock valued at $860,000 after purchasing an additional 1,500 shares during the last quarter. Allegheny Financial Group LTD lifted its position in Stagwell by 5.8% in the second quarter. Allegheny Financial Group LTD now owns 44,327 shares of the company’s stock valued at $302,000 after purchasing an additional 2,423 shares during the last quarter. Hsbc Holdings PLC lifted its position in Stagwell by 25.1% in the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock valued at $114,000 after purchasing an additional 3,360 shares during the last quarter. Quarry LP bought a new stake in Stagwell in the second quarter valued at approximately $29,000. Finally, The Manufacturers Life Insurance Company lifted its position in Stagwell by 16.1% in the second quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock valued at $243,000 after purchasing an additional 4,961 shares during the last quarter. Institutional investors own 35.61% of the company’s stock.

Stagwell Company Profile

(Get Free Report)

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.

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