Shares of Stagwell Inc. (NASDAQ:STGW – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.75.
A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $8.00 to $9.00 in a research report on Friday, February 21st. Rosenblatt Securities upped their price target on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, February 28th.
Read Our Latest Report on STGW
Stagwell Trading Up 0.5 %
Hedge Funds Weigh In On Stagwell
Several institutional investors and hedge funds have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. grew its holdings in shares of Stagwell by 0.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company’s stock valued at $4,095,000 after purchasing an additional 1,759 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Stagwell by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company’s stock worth $322,000 after acquiring an additional 1,892 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Stagwell by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock worth $2,312,000 after acquiring an additional 1,974 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Stagwell by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock worth $230,000 after acquiring an additional 2,378 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Stagwell by 2.1% in the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company’s stock worth $1,188,000 after acquiring an additional 3,653 shares during the last quarter. Institutional investors own 35.61% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Stagwell
- Insider Buying Explained: What Investors Need to Know
- Can TikTok Stock Picks Really Make You Rich?
- Insider Trading – What You Need to Know
- The “Quality” Rotation: Back to Basics Investing
- Why is the Ex-Dividend Date Significant to Investors?
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Stagwell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagwell and related companies with MarketBeat.com's FREE daily email newsletter.