Brokerages Set Stagwell Inc. (NASDAQ:STGW) PT at $8.75

Stagwell Inc. (NASDAQ:STGW) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.75.

Several research firms recently weighed in on STGW. Rosenblatt Securities increased their price objective 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. Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st.

Stagwell Stock Performance

Shares of Stagwell stock opened at $5.99 on Thursday. The firm has a market cap of $1.58 billion, a PE ratio of 299.50 and a beta of 1.56. Stagwell has a 1 year low of $5.29 and a 1 year high of $8.18. The firm’s 50-day simple moving average is $6.33 and its 200-day simple moving average is $6.83. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Stagwell in the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Stagwell in the fourth quarter valued at approximately $69,000. BNP Paribas Financial Markets bought a new position in shares of Stagwell in the fourth quarter valued at approximately $75,000. Paloma Partners Management Co bought a new position in shares of Stagwell in the third quarter valued at approximately $77,000. Finally, Squarepoint Ops LLC bought a new position in shares of Stagwell in the fourth quarter valued at approximately $96,000. 35.61% of the stock is currently owned by institutional investors.

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.