Similarweb Ltd. (NYSE:SMWB – Get Rating)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $7.72, but opened at $7.32. Similarweb shares last traded at $7.21, with a volume of 400 shares traded.
Analyst Upgrades and Downgrades
SMWB has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of Similarweb in a report on Tuesday, May 24th. They set an “overweight” rating and a $17.00 price objective for the company. JMP Securities reduced their price objective on shares of Similarweb from $32.00 to $20.00 in a report on Thursday, May 12th. Finally, Barclays reduced their price objective on shares of Similarweb from $22.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, August 11th.
Similarweb Stock Performance
The firm has a market cap of $549.73 million, a price-to-earnings ratio of -6.15 and a beta of 0.19. The business’s 50-day moving average is $8.78 and its 200-day moving average is $10.68.
Institutional Investors Weigh In On Similarweb
Similarweb Company Profile
Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.
- Get a free copy of the StockNews.com research report on Similarweb (SMWB)
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