ExodusPoint Capital Management LP Has $116,000 Stake in Stagwell Inc. (NASDAQ:STGW)

ExodusPoint Capital Management LP lowered its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 74.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,700 shares of the company’s stock after selling 51,778 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Stagwell were worth $116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Stagwell during the 4th quarter worth $105,000. FMR LLC increased its holdings 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 buying an additional 13,252 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Stagwell in the 3rd quarter valued at approximately $136,000. Pictet Asset Management Holding SA lifted its holdings in shares of Stagwell by 31.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,468 shares of the company’s stock worth $128,000 after acquiring an additional 4,609 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Stagwell during the 3rd quarter worth approximately $229,000. Institutional investors own 35.61% of the company’s stock.

Stagwell Stock Performance

Shares of STGW stock opened at $5.28 on Tuesday. The business’s 50-day moving average price is $6.03 and its 200-day moving average price is $6.61. Stagwell Inc. has a 12 month low of $4.75 and a 12 month high of $8.18. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 264.00 and a beta of 1.32.

Analysts Set New Price Targets

Several research firms have weighed in on STGW. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $9.00 in a research report on Friday, February 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of Stagwell in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Stagwell currently has an average rating of “Moderate Buy” and a consensus price target of $9.08.

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.