Stagwell (NASDAQ:STGW) Reaches New 1-Year Low – Time to Sell?

Stagwell Inc. (NASDAQ:STGW)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.26 and last traded at $5.33, with a volume of 1030019 shares traded. The stock had previously closed at $5.63.

Analyst Ratings Changes

Several brokerages have issued reports on STGW. Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $9.00 target price on shares of Stagwell in a research report on Thursday. Finally, Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $9.00 in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.08.

Stagwell Trading Down 5.3 %

The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.42 billion, a P/E ratio of 266.50 and a beta of 1.56. The firm has a 50 day simple moving average of $6.23 and a 200 day simple moving average of $6.73.

Hedge Funds Weigh In On Stagwell

Large investors have recently modified their holdings of the company. Barclays PLC lifted its stake in Stagwell by 304.6% in the 3rd quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after purchasing an additional 101,201 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Stagwell by 4.3% in 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 buying an additional 8,579 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Stagwell in the third quarter worth $229,000. Portfolio Design Labs LLC bought a new stake in Stagwell during the fourth quarter valued at $271,000. Finally, FMR LLC grew 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 buying an additional 13,252 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors.

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.