Stagwell (NASDAQ:STGW) Price Target Raised to $9.50

Stagwell (NASDAQ:STGW) had its price objective increased by Benchmark from $8.50 to $9.50 in a report released on Friday,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other research analysts have also weighed in on STGW. Needham & Company LLC reissued a “buy” rating and set a $7.50 target price on shares of Stagwell in a research report on Monday, October 21st. Rosenblatt Securities restated a “buy” rating and set a $8.00 target price on shares of Stagwell in a research note on Monday, August 5th. One equities 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.30.

Stagwell Trading Up 7.1 %

Shares of STGW stock opened at $7.85 on Friday. Stagwell has a 12 month low of $4.25 and a 12 month high of $7.91. The company has a market cap of $2.07 billion, a PE ratio of 26.17 and a beta of 1.35. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $6.90 and its two-hundred day moving average is $6.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Foundry Partners LLC lifted its holdings in shares of Stagwell by 11.3% during the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after acquiring an additional 92,154 shares during the period. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 452,874 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in Stagwell during the second quarter valued at approximately $2,316,000. Dimensional Fund Advisors LP grew its stake in shares of Stagwell by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after purchasing an additional 127,099 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Stagwell by 123.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock worth $8,716,000 after buying an additional 685,164 shares in the last quarter. 35.61% of the stock is owned by institutional investors.

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.