10,970 Shares in Stagwell Inc. (NASDAQ:STGW) Purchased by Paloma Partners Management Co

Paloma Partners Management Co purchased a new position in shares of Stagwell Inc. (NASDAQ:STGW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,970 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds have also made changes to their positions in STGW. TRUE Private Wealth Advisors increased its stake in Stagwell by 40.3% during the 3rd quarter. TRUE Private Wealth Advisors now owns 22,308 shares of the company’s stock worth $157,000 after buying an additional 6,408 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Stagwell by 4.3% in 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 acquiring an additional 8,579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stagwell by 59.6% during the third 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 during the period. FMR LLC raised its stake in shares of 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 in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Stagwell in the third quarter valued at $136,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Stock Performance

Shares of Stagwell stock opened at $7.62 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell Inc. has a 52 week low of $4.88 and a 52 week high of $8.18. The firm’s 50 day moving average is $7.18 and its two-hundred day moving average is $6.95. The firm has a market capitalization of $2.01 billion, a P/E ratio of 26.47 and a beta of 1.44.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Rosenblatt Securities lifted their price objective on Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price target on shares of Stagwell in a research note on Monday, October 21st. Finally, Benchmark increased their price objective on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stagwell presently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Stagwell Profile

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.