Similarweb Ltd. (NYSE:SMWB) Given Consensus Rating of “Buy” by Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.86.

A number of research firms have commented on SMWB. Northland Securities initiated coverage on shares of Similarweb in a report on Tuesday, September 10th. They set an “outperform” rating and a $15.00 target price for the company. Barclays increased their price target on shares of Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. JMP Securities lifted their price target on shares of Similarweb from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday. Citigroup upped their price objective on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC boosted their target price on Similarweb from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Similarweb during the third quarter worth approximately $75,000. ANTIPODES PARTNERS Ltd grew its holdings in Similarweb by 122.5% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock valued at $90,000 after buying an additional 6,376 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Similarweb during the 3rd quarter worth $122,000. Verition Fund Management LLC acquired a new stake in shares of Similarweb during the third quarter worth $160,000. Finally, Blair William & Co. IL boosted its position in shares of Similarweb by 20.1% in the first quarter. Blair William & Co. IL now owns 21,662 shares of the company’s stock valued at $195,000 after acquiring an additional 3,621 shares during the period. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Trading Up 6.6 %

NYSE SMWB opened at $11.85 on Friday. The firm has a market cap of $958.90 million, a price-to-earnings ratio of -107.73 and a beta of 0.84. Similarweb has a 1-year low of $4.58 and a 1-year high of $11.88. The company has a 50 day moving average of $9.02 and a 200-day moving average of $8.12.

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.