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

Stagwell Inc. (NASDAQ:STGW) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.30.

Several brokerages recently issued reports on STGW. Benchmark increased 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. Rosenblatt Securities restated a “buy” rating and set a $8.00 price target on shares of Stagwell in a report on Monday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price objective on shares of Stagwell in a report on Monday, October 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Stagwell during the second quarter worth $29,000. Paloma Partners Management Co purchased a new position in Stagwell in the 3rd quarter worth about $77,000. Hsbc Holdings PLC increased its stake in Stagwell by 25.1% in the 2nd quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after buying an additional 3,360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Stagwell by 59.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after acquiring an additional 6,058 shares in the last quarter. Finally, FMR LLC increased its position in shares of 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. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Trading Down 2.7 %

Shares of NASDAQ:STGW opened at $7.46 on Friday. 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 $4.49 and a 12-month high of $7.99. The company has a market cap of $1.96 billion, a PE ratio of 25.57 and a beta of 1.35. The stock has a 50 day moving average of $6.94 and a 200 day moving average of $6.83.

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.