1 week Ago By Defense World Staff
Prudential Financial Inc. bought a new position in shares of Stagwell Inc. ( NASDAQ:STGW – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm bought 67,135 shares of the company’s stock, valued at approximately $442,000. Other hedge funds and other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Stagwell during the fourth quarter worth approximately $105,000.
FMR LLC boosted its stake in Stagwell by 370.3% in the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after purchasing an additional 13,252 shares during the period.
Coldstream Capital Management Inc. acquired a new position in Stagwell in the 3rd quarter valued at $136,000. Principal Financial Group Inc.
bought a new position in Stagwell during the 3rd quarter worth $229,000. Finally, Fox Run Management L.L.
C. acquired a new stake in shares of Stagwell during the fourth quarter worth $239,000. Institutional investors own 35.
61% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms recently commented on STGW. Benchmark reaffirmed a “buy” rating and set a $10.
00 price target on shares of Stagwell in a research report on Thursday, April 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Stagwell in a research report on Thursday, April 3rd.
Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $8.00 to $9.00 in a research report on Friday, February 21st.
Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company.
According to data from MarketBeat, Stagwell presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08. Stagwell Stock Up 10.
5 % NASDAQ STGW opened at $5.35 on Thursday. The business has a fifty day moving average price of $6.
09 and a two-hundred day moving average price of $6.65. The stock has a market capitalization of $1.
43 billion, a PE ratio of 267.50 and a beta of 1.32.
Stagwell Inc. has a fifty-two week low of $4.75 and a fifty-two week high of $8.
18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.
95 and a quick ratio of 0.95. Stagwell Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Stagwell Profitably Trade Stocks at 52-Week Highs Quantum Computing: The $6.
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