Stagwell’s (STGW) “Buy” Rating Reaffirmed at Rosenblatt Securities

Stagwell (NASDAQ:STGW)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research note issued on Thursday,Benzinga reports. They presently have a $10.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 66.11% from the company’s previous close.

Separately, Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.00.

Stagwell Stock Up 0.5 %

NASDAQ STGW opened at $6.02 on Thursday. The business’s fifty day simple moving average is $6.27 and its 200-day simple moving average is $6.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market cap of $1.61 billion, a PE ratio of 301.00 and a beta of 1.56. Stagwell has a 52 week low of $5.29 and a 52 week high of $8.18.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Boston Partners raised its stake in shares of Stagwell by 4.5% in the 4th quarter. Boston Partners now owns 2,333,593 shares of the company’s stock valued at $15,369,000 after acquiring an additional 101,318 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stagwell by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,730,153 shares of the company’s stock worth $11,385,000 after purchasing an additional 51,341 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Stagwell by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock worth $10,609,000 after purchasing an additional 6,992 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Stagwell by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company’s stock worth $8,335,000 after buying an additional 25,189 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Stagwell by 2,968.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock valued at $7,852,000 after buying an additional 1,154,458 shares in the last quarter. Hedge funds and other 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.