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

Stagwell (NASDAQ:STGW) had its target price dropped by B. Riley Financial from $9.00 to $7.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s price objective would indicate a potential upside of 33.59% from the company’s current price.

Several other research firms have also recently weighed in on STGW. Needham & Company LLC upped their target price on 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 report on Friday, January 30th. Seaport Research Partners raised shares of Stagwell to a “strong-buy” rating in a research note on Friday, November 14th. Wall Street Zen upgraded Stagwell from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 target price on shares of Stagwell in a research report on Monday, December 1st. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.96.

Stagwell Price Performance

NASDAQ:STGW opened at $5.24 on Friday. Stagwell has a 12-month low of $4.03 and a 12-month high of $7.16. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 87.33 and a beta of 1.71. The stock’s 50 day moving average price is $5.37 and its two-hundred day moving average price is $5.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.98.

Hedge Funds Weigh In On Stagwell

A number of hedge funds have recently bought and sold shares of STGW. Diversify Wealth Management LLC acquired a new position in Stagwell in the second quarter valued at $7,875,000. Boston Partners raised its position in shares of Stagwell by 40.9% in the 2nd quarter. Boston Partners now owns 3,273,852 shares of the company’s stock worth $15,515,000 after acquiring an additional 950,913 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Stagwell by 54.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,676,532 shares of the company’s stock valued at $13,088,000 after purchasing an additional 939,888 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Stagwell by 4.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 21,034,577 shares of the company’s stock valued at $118,425,000 after purchasing an additional 920,431 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Stagwell by 26.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,111,549 shares of the company’s stock worth $20,107,000 after purchasing an additional 869,562 shares during the period. Institutional investors own 35.61% of the company’s stock.

About Stagwell

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.