Analysts Set Stagwell Inc. (NASDAQ:STGW) PT at $8.50

Shares of Stagwell Inc. (NASDAQ:STGW) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.50.

A number of analysts recently weighed in on STGW shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a report on Friday, February 14th. Benchmark raised their price target on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th.

Institutional Trading of Stagwell

A number of hedge funds and other institutional investors have recently made changes to their positions in STGW. Boston Partners increased its stake in shares of Stagwell by 4.5% during the fourth quarter. Boston Partners now owns 2,333,593 shares of the company’s stock valued at $15,369,000 after acquiring an additional 101,318 shares during the period. Dimensional Fund Advisors LP boosted its stake in Stagwell by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,730,153 shares of the company’s stock valued at $11,385,000 after purchasing an additional 51,341 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Stagwell by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock valued at $10,609,000 after purchasing an additional 6,992 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Stagwell by 2.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company’s stock worth $8,335,000 after buying an additional 25,189 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Stagwell by 2,968.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock valued at $7,852,000 after buying an additional 1,154,458 shares during the period. 35.61% of the stock is currently owned by institutional investors.

Stagwell Stock Performance

STGW stock opened at $6.15 on Friday. Stagwell has a 1 year low of $4.88 and a 1 year high of $8.18. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.47 and a beta of 1.44. 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 stock’s fifty day moving average is $6.52 and its two-hundred day moving average is $6.87.

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.