Stagwell's (STGW) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Stagwell (NASDAQ:STGW - Free Report) in a research report released on Thursday morning,Benzinga reports. Benchmark currently has a $10.00 price objective on the stock.

Several other equities analysts have also recently issued reports on the stock. Wells Fargo & Company upgraded shares of Stagwell from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $8.00 to $9.00 in a research report on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and set a $9.00 target price on shares of Stagwell in a report on Thursday, April 3rd. Finally, Rosenblatt Securities restated a "buy" rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.08.

Stagwell Trading Down 1.7 %

Shares of Stagwell stock traded down $0.09 during midday trading on Thursday, reaching $4.99. 311,278 shares of the company's stock traded hands, compared to its average volume of 504,500. The company has a market cap of $1.33 billion, a PE ratio of 250.80 and a beta of 1.32. The stock has a 50 day moving average of $6.20 and a 200-day moving average of $6.70. Stagwell has a 12 month low of $4.96 and a 12 month high of $8.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STGW. Intech Investment Management LLC bought a new position in shares of Stagwell during the third quarter valued at $136,000. FMR LLC increased its position in shares of Stagwell by 370.3% during the third quarter. FMR LLC now owns 16,831 shares of the company's stock valued at $118,000 after acquiring an additional 13,252 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stagwell by 59.6% in the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Stagwell by 4.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company's stock valued at $1,454,000 after acquiring an additional 8,579 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Stagwell during the 3rd quarter valued at $77,000. Institutional investors own 35.61% of the company's stock.

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.