Federated Hermes Inc. Has $2.46 Million Holdings in Stagwell Inc. (NASDAQ:STGW)

Federated Hermes Inc. decreased its position in shares of Stagwell Inc. (NASDAQ:STGW) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,527 shares of the company’s stock after selling 13,975 shares during the quarter. Federated Hermes Inc.’s holdings in Stagwell were worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in shares of Stagwell by 304.6% during the third quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after acquiring an additional 101,201 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Stagwell by 4.3% during the 3rd 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 during the period. Principal Financial Group Inc. bought a new position in shares of Stagwell in the 3rd quarter worth $229,000. Portfolio Design Labs LLC bought a new position in shares of Stagwell in the fourth quarter valued at $271,000. Finally, FMR LLC lifted its position in Stagwell by 370.3% in the 3rd 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. Institutional investors own 35.61% of the company’s stock.

Stagwell Price Performance

Shares of NASDAQ:STGW opened at $5.18 on Monday. The company’s fifty day moving average price is $6.05 and its 200-day moving average price is $6.62. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 259.00 and a beta of 1.32. Stagwell Inc. has a one year low of $4.75 and a one year high of $8.18.

Analyst Upgrades and Downgrades

A number of analysts have commented on STGW shares. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $8.00 to $9.00 in a report on Friday, February 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of Stagwell in a report on Thursday, April 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stagwell currently has an average rating of “Moderate Buy” and an average target price of $9.08.

Stagwell Company 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.