Stagwell (NASDAQ:STGW) Price Target Raised to $9.00 at Rosenblatt Securities

Stagwell (NASDAQ:STGW) had its price objective raised by Rosenblatt Securities from $8.00 to $9.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $7.50 target price on shares of Stagwell in a research note on Monday, October 21st. Benchmark upped their target price on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Stagwell Trading Up 3.4 %

NASDAQ STGW opened at $7.86 on Monday. 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 has a market cap of $2.07 billion, a P/E ratio of 24.87 and a beta of 1.35. Stagwell has a 12 month low of $4.88 and a 12 month high of $7.99. The company has a 50-day moving average of $7.01 and a 200-day moving average of $6.87.

Hedge Funds Weigh In On Stagwell

A number of hedge funds and other institutional investors have recently bought and sold shares of STGW. Swiss National Bank boosted its stake in Stagwell by 3.8% during the 1st quarter. Swiss National Bank now owns 178,600 shares of the company’s stock valued at $1,111,000 after purchasing an additional 6,500 shares during the period. Vanguard Group Inc. boosted its position in shares of Stagwell by 8.4% during the first quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock worth $36,306,000 after buying an additional 452,874 shares during the period. Huber Capital Management LLC bought a new position in Stagwell in the 1st quarter worth approximately $1,410,000. Price T Rowe Associates Inc. MD increased its position in Stagwell by 13.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 381,537 shares of the company’s stock valued at $2,374,000 after acquiring an additional 45,423 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Stagwell by 270.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 556,430 shares of the company’s stock valued at $3,795,000 after acquiring an additional 406,031 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

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.