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

Shares of Stagwell Inc. (NASDAQ:STGW) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.75.

STGW has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $8.00 to $9.00 in a research note on Friday, February 21st. Rosenblatt Securities upped their target price on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, February 28th.

Stagwell Trading Up 0.5 %

NASDAQ:STGW opened at $6.02 on Thursday. Stagwell has a one year low of $5.29 and a one year 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. The company’s 50-day simple moving average is $6.32 and its 200 day simple moving average is $6.82. The firm has a market capitalization of $1.58 billion, a P/E ratio of 301.00 and a beta of 1.56.

Hedge Funds Weigh In On Stagwell

Several institutional investors have recently bought and sold shares of STGW. Quarry LP bought a new stake in shares of Stagwell in the 4th quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Stagwell in the 4th quarter worth about $69,000. BNP Paribas Financial Markets purchased a new position in Stagwell in the 4th quarter worth about $75,000. Paloma Partners Management Co purchased a new position in Stagwell in the 3rd quarter worth about $77,000. Finally, Squarepoint Ops LLC purchased a new position in Stagwell in the 4th quarter worth about $96,000. 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.