Stagwell (NASDAQ:STGW) Price Target Cut to $7.00 by Analysts at B. Riley Financial

Stagwell (NASDAQ:STGW) had its price objective cut by B. Riley Financial from $9.00 to $7.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Seaport Research Partners raised Stagwell to a “strong-buy” rating in a report on Friday, November 14th. Needham & Company LLC raised their price target on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research note on Friday, November 7th. Zacks Research lowered shares of Stagwell from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and set a $9.00 target price on shares of Stagwell in a report on Monday, December 1st. Finally, Wall Street Zen upgraded Stagwell from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.96.

Stagwell Stock Up 0.2%

STGW opened at $5.24 on Friday. The company has a market cap of $1.32 billion, a PE ratio of 87.33 and a beta of 1.71. Stagwell has a twelve month low of $4.03 and a twelve month high of $7.16. The company has a 50-day moving average price of $5.37 and a 200 day moving average price of $5.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.98.

Institutional Investors Weigh In On Stagwell

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Stagwell in the 4th quarter valued at approximately $26,000. Clearstead Advisors LLC increased its holdings in Stagwell by 186.2% in the 4th quarter. Clearstead Advisors LLC now owns 7,020 shares of the company’s stock valued at $34,000 after purchasing an additional 4,567 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Stagwell in the third quarter valued at approximately $47,000. Parkside Financial Bank & Trust lifted its stake in Stagwell by 43.0% during the second quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock worth $45,000 after purchasing an additional 3,003 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in Stagwell during the fourth quarter worth $50,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Company Profile

Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.

Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.