Coldstream Capital Management Inc. Acquires 57,070 Shares of Stagwell Inc. (NASDAQ:STGW)

Coldstream Capital Management Inc. raised its stake in Stagwell Inc. (NASDAQ:STGW - Free Report) by 322.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,787 shares of the company's stock after purchasing an additional 57,070 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Stagwell were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Stagwell in the 4th quarter worth approximately $105,000. Walleye Capital LLC bought a new position in Stagwell in the 4th quarter valued at $107,000. XTX Topco Ltd bought a new stake in shares of Stagwell during the 4th quarter worth $110,000. Pictet Asset Management Holding SA raised its stake in shares of Stagwell by 31.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,468 shares of the company's stock worth $128,000 after purchasing an additional 4,609 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Stagwell by 345.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,295 shares of the company's stock valued at $140,000 after buying an additional 16,510 shares during the period. Institutional investors own 35.61% of the company's stock.

Stagwell Price Performance

STGW traded up $0.03 during trading on Monday, reaching $5.65. 115,842 shares of the company were exchanged, compared to its average volume of 507,299. Stagwell Inc. has a 12-month low of $4.75 and a 12-month high of $8.18. The company's 50-day moving average is $5.77 and its two-hundred day moving average is $6.46. 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 company has a market cap of $1.51 billion, a price-to-earnings ratio of 282.25 and a beta of 1.32.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Wells Fargo & Company upgraded Stagwell from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $8.00 to $9.00 in a research note on Friday, February 21st. Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $9.00 target price on shares of Stagwell in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Stagwell presently has an average rating of "Moderate Buy" and a consensus target price of $8.90.

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.