B. Riley Financial Cuts Stagwell (NASDAQ:STGW) Price Target to $7.00

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

STGW has been the subject of several other reports. Needham & Company LLC increased their target price on shares of Stagwell from $6.36 to $7.25 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Stagwell in a research report on Monday, December 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of Stagwell in a report on Monday, December 1st. Zacks Research downgraded Stagwell from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Seaport Research Partners raised Stagwell to a “strong-buy” rating in a research note on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.96.

Stagwell Stock Performance

NASDAQ:STGW opened at $5.24 on Friday. Stagwell has a twelve month low of $4.03 and a twelve month high of $7.16. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.98. The company has a 50-day moving average of $5.37 and a 200-day moving average of $5.32. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 87.33 and a beta of 1.71.

Institutional Investors Weigh In On Stagwell

Institutional investors have recently bought and sold shares of the business. Diversify Wealth Management LLC acquired a new stake in shares of Stagwell in the 2nd quarter valued at $7,875,000. Boston Partners raised its holdings in Stagwell by 40.9% during the second quarter. Boston Partners now owns 3,273,852 shares of the company’s stock valued at $15,515,000 after buying an additional 950,913 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Stagwell by 54.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,676,532 shares of the company’s stock valued at $13,088,000 after buying an additional 939,888 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Stagwell by 4.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,034,577 shares of the company’s stock worth $118,425,000 after buying an additional 920,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Stagwell by 26.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,111,549 shares of the company’s stock worth $20,107,000 after buying an additional 869,562 shares during the last quarter. 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.