Stagwell (NASDAQ:STGW) Sets New 12-Month High – What’s Next?

Shares of Stagwell Inc. (NASDAQ:STGW) hit a new 52-week high on Monday . The stock traded as high as $8.18 and last traded at $8.17, with a volume of 330302 shares. The stock had previously closed at $7.86.

Analyst Upgrades and Downgrades

STGW has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Stagwell in a research note on Monday, October 21st. Benchmark raised their price target on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Rosenblatt Securities raised their price target on Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Stagwell Price Performance

The firm has a fifty day moving average of $7.10 and a 200 day moving average of $6.91. The company has a market capitalization of $2.13 billion, a P/E ratio of 26.37 and a beta of 1.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97.

Institutional Investors Weigh In On Stagwell

Large investors have recently bought and sold shares of the business. Quarry LP bought a new stake in Stagwell in the 2nd quarter worth about $29,000. Paloma Partners Management Co purchased a new position in Stagwell in the third quarter worth about $77,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Stagwell by 59.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after purchasing an additional 6,058 shares during the last quarter. Hsbc Holdings PLC boosted its position in Stagwell by 25.1% in the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after purchasing an additional 3,360 shares during the last quarter. Finally, FMR LLC boosted its position in Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after purchasing an additional 13,252 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors.

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.