Similarweb Ltd. (NYSE:SMWB) Given Average Rating of “Buy” by Analysts

Similarweb Ltd. (NYSE:SMWB) has been given a consensus rating of “Buy” by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.88.

SMWB has been the subject of several analyst reports. Citigroup upped their price target on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. William Blair restated an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Similarweb in a research note on Wednesday, December 11th. The Goldman Sachs Group initiated coverage on Similarweb in a research report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price target for the company. Finally, Northland Securities lifted their price objective on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th.

Similarweb Trading Up 5.7 %

NYSE:SMWB opened at $16.67 on Wednesday. Similarweb has a 12 month low of $5.71 and a 12 month high of $16.71. The firm’s 50 day moving average is $14.05 and its 200 day moving average is $10.50. The stock has a market capitalization of $1.35 billion, a PE ratio of -151.56 and a beta of 0.97.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. The firm had revenue of $64.71 million during the quarter, compared to analysts’ expectations of $62.90 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Research analysts predict that Similarweb will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Similarweb

Several hedge funds and other institutional investors have recently modified their holdings of SMWB. Y.D. More Investments Ltd grew its position in Similarweb by 6.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company’s stock valued at $20,541,000 after buying an additional 86,500 shares during the period. Calamos Advisors LLC boosted its stake in shares of Similarweb by 147.4% during the 4th quarter. Calamos Advisors LLC now owns 171,167 shares of the company’s stock worth $2,425,000 after acquiring an additional 101,975 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Similarweb during the 4th quarter valued at $26,059,000. Heck Capital Advisors LLC purchased a new stake in shares of Similarweb in the 4th quarter worth $115,000. Finally, International Assets Investment Management LLC bought a new position in Similarweb in the 4th quarter worth $154,000. 57.59% of the stock is owned by institutional investors.

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.