2 days Ago By ABMN Staff
Stagwell ( NASDAQ:STGW – Free Report ) had its price target lifted by Rosenblatt Securities from $8.00 to $9.00 in a research note issued to investors on Monday, Benzinga reports.
The firm currently has a buy rating on the stock. Other research analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $7.
50 price objective on shares of Stagwell in a research note on Monday, October 21st. Benchmark lifted their price objective on shares of Stagwell from $8.50 to $9.
50 and gave the stock a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.50. View Our Latest Analysis on STGW Stagwell Price Performance Institutional Investors Weigh In On Stagwell Several hedge funds have recently made changes to their positions in STGW.
Harbor Capital Advisors Inc. lifted its position in shares of Stagwell by 123.1% in the third quarter.
Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company’s stock valued at $8,716,000 after acquiring an additional 685,164 shares in the last quarter. Vanguard Group Inc.
lifted its holdings in Stagwell by 8.4% during the 1st quarter. Vanguard Group Inc.
now owns 5,836,976 shares of the company’s stock worth $36,306,000 after buying an additional 452,874 shares during the last quarter. CCG Wealth Management LLC purchased a new stake in Stagwell during the 2nd quarter worth about $3,008,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Stagwell in the 2nd quarter valued at about $2,316,000.
Finally, Huber Capital Management LLC acquired a new position in Stagwell in the 1st quarter valued at about $1,410,000. 35.61% of the stock is currently owned by hedge funds and other institutional investors.
About Stagwell ( Get 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.
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