Stagwell (NASDAQ:STGW) Earns “Buy” Rating from Rosenblatt Securities

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

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

Stagwell Stock Up 0.5 %

Stagwell stock opened at $6.02 on Thursday. The business’s 50-day moving average price is $6.27 and its 200 day moving average price 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 price-to-earnings 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.

Hedge Funds Weigh In On Stagwell

A number of hedge funds have recently bought and sold shares of STGW. Quarry LP purchased a new position in shares of Stagwell during the 4th quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Stagwell in the 4th quarter valued at $69,000. Paloma Partners Management Co acquired a new stake in Stagwell during the 3rd quarter worth $77,000. BNP Paribas Financial Markets purchased a new stake in shares of Stagwell during the fourth quarter worth $75,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Stagwell during the fourth quarter worth $96,000. 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.