Stagwell (NASDAQ:STGW) Upgraded at Wells Fargo & Company

Stagwell (NASDAQ:STGW) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday, Marketbeat.com reports. The firm currently has a $9.00 price objective on the stock, up from their previous price objective of $8.00. Wells Fargo & Company‘s target price points to a potential upside of 42.86% from the stock’s current price.

Several other research firms have also weighed in on STGW. Rosenblatt Securities restated a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research note on Friday, February 14th. Benchmark increased their target price on shares of Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Stagwell has an average rating of “Moderate Buy” and a consensus target price of $8.58.

Stagwell Stock Up 2.4 %

Stagwell stock opened at $6.30 on Friday. The firm has a market capitalization of $1.66 billion, a PE ratio of 20.50 and a beta of 1.44. The company’s 50-day moving average is $6.48 and its 200-day moving average is $6.86. Stagwell has a fifty-two week low of $4.88 and a fifty-two week high of $8.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

Institutional Trading of Stagwell

A number of institutional investors and hedge funds have recently made changes to their positions in STGW. Quarry LP bought a new stake in shares of Stagwell during the 4th quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Stagwell during the 4th quarter worth approximately $69,000. BNP Paribas Financial Markets bought a new position in Stagwell in the 4th quarter valued at approximately $75,000. Paloma Partners Management Co bought a new position in Stagwell in the 3rd quarter valued at approximately $77,000. Finally, Squarepoint Ops LLC bought a new position in Stagwell in the 4th quarter valued at approximately $96,000. Institutional investors own 35.61% of the company’s stock.

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.