Similarweb Ltd. (NYSE:SMWB) Receives $16.13 Average PT from Brokerages

Similarweb Ltd. (NYSE:SMWB) has been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.13.

A number of research firms have issued reports on SMWB. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. Jefferies Financial Group increased their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Citigroup lifted their price target on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. William Blair reissued an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Finally, Northland Securities boosted their target price on Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, January 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC purchased a new position in Similarweb during the 3rd quarter worth $160,000. State Street Corp boosted its holdings in Similarweb by 32.5% during the third quarter. State Street Corp now owns 187,919 shares of the company’s stock worth $1,661,000 after purchasing an additional 46,102 shares during the last quarter. XTX Topco Ltd grew its position in Similarweb by 9.0% in the 3rd quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock worth $477,000 after purchasing an additional 4,453 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Similarweb in the 3rd quarter valued at about $70,000. Finally, Barclays PLC lifted its position in shares of Similarweb by 201.0% during the 3rd quarter. Barclays PLC now owns 15,414 shares of the company’s stock worth $136,000 after buying an additional 10,293 shares in the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Stock Down 2.6 %

SMWB opened at $6.79 on Monday. Similarweb has a twelve month low of $5.71 and a twelve month high of $17.64. The company has a fifty day moving average of $9.10 and a 200-day moving average of $11.30. The stock has a market cap of $560.98 million, a PE ratio of -48.50 and a beta of 1.12.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. Sell-side analysts anticipate that Similarweb will post -0.24 EPS for the current fiscal year.

Similarweb Company Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers 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 intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.