Rosenblatt Securities Issues Positive Forecast for Stagwell (NASDAQ:STGW) Stock Price

Stagwell (NASDAQ:STGW) had its price target lifted by Rosenblatt Securities from $9.00 to $10.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 57.23% from the company’s current price.

A number of other research analysts also recently weighed in on STGW. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st. Benchmark boosted their target price on Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.75.

Stagwell Stock Down 5.2 %

Shares of NASDAQ:STGW opened at $6.36 on Friday. 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 stock has a market cap of $1.67 billion, a price-to-earnings ratio of 21.00 and a beta of 1.44. The company has a 50 day moving average of $6.44 and a 200-day moving average of $6.88. Stagwell has a one year low of $4.88 and a one year high of $8.18.

Institutional Investors Weigh In On Stagwell

A number of hedge funds have recently modified their holdings of the business. Boston Partners increased its stake in Stagwell by 4.5% during the 4th quarter. Boston Partners now owns 2,333,593 shares of the company’s stock worth $15,369,000 after purchasing an additional 101,318 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Stagwell by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,730,153 shares of the company’s stock worth $11,385,000 after acquiring an additional 51,341 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Stagwell by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock worth $10,609,000 after acquiring an additional 6,992 shares during the period. Harbor Capital Advisors Inc. lifted its position in Stagwell by 2.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company’s stock valued at $8,335,000 after acquiring an additional 25,189 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Stagwell by 2,968.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock valued at $7,852,000 after acquiring an additional 1,154,458 shares in the last quarter. Institutional investors and hedge funds 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.