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

Rosenblatt Securities reissued their buy rating on shares of Stagwell (NASDAQ:STGW) in a report released on Friday morning,Benzinga reports. They currently have a $9.00 price objective on the stock.

Several other research firms have also recently issued reports on STGW. Benchmark lifted their price objective on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price target on shares of Stagwell in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stagwell presently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Stagwell Stock Down 3.7 %

Shares of STGW opened at $6.50 on Friday. The business’s 50 day moving average is $6.61 and its 200 day moving average is $6.87. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell has a 12-month low of $4.88 and a 12-month high of $8.18. The company has a market capitalization of $1.71 billion, a PE ratio of 21.23 and a beta of 1.44.

Institutional Investors Weigh In On Stagwell

Hedge funds have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Stagwell in the 4th quarter worth about $29,000. Paloma Partners Management Co purchased a new position in Stagwell in the third quarter worth about $77,000. KLP Kapitalforvaltning AS bought a new stake in Stagwell during the fourth quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stagwell by 59.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after acquiring an additional 6,058 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Stagwell during the fourth quarter valued at approximately $107,000. 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.