TRUE Private Wealth Advisors Buys 6,408 Shares of Stagwell Inc. (NASDAQ:STGW)

TRUE Private Wealth Advisors increased its stake in Stagwell Inc. (NASDAQ:STGW) by 40.3% during the third quarter, Holdings Channel reports. The firm owned 22,308 shares of the company’s stock after acquiring an additional 6,408 shares during the period. TRUE Private Wealth Advisors’ holdings in Stagwell were worth $157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Stagwell by 4.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock worth $1,454,000 after buying an additional 8,579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Stagwell by 59.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after acquiring an additional 6,058 shares in the last quarter. FMR LLC increased its stake in Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after acquiring an additional 13,252 shares during the last quarter. Intech Investment Management LLC acquired a new position in Stagwell during the third quarter valued at approximately $136,000. Finally, Principal Financial Group Inc. bought a new stake in Stagwell during the third quarter worth $229,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Trading Down 0.6 %

Shares of STGW stock opened at $7.86 on Friday. Stagwell Inc. has a twelve month low of $4.88 and a twelve month high of $8.16. The stock’s fifty day simple moving average is $7.10 and its 200 day simple moving average is $6.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $2.07 billion, a P/E ratio of 26.20 and a beta of 1.35.

Analysts Set New Price Targets

STGW has been the topic of several recent analyst reports. Benchmark lifted their price target on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their target price on Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Stagwell in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Stagwell currently has an average rating of “Moderate Buy” and an average price target of $8.50.

About Stagwell

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.