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

Shares of Stagwell Inc. (NASDAQ:STGWGet Free Report) 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.

Check Out Our Latest Stock Report on Stagwell

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

(Get Free Report

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.

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Analyst Recommendations for Stagwell (NASDAQ:STGW)

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