Similarweb (NYSE:SMWB) Price Target Raised to $22.00

Similarweb (NYSE:SMWB) had its price objective lifted by Citigroup from $14.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group began coverage on shares of Similarweb in a report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Similarweb in a research report on Thursday, January 16th. Jefferies Financial Group upped their target price on shares of Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Northland Securities upped their price target on Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.50.

Similarweb Trading Down 10.6 %

Shares of SMWB stock opened at $10.62 on Tuesday. Similarweb has a 1 year low of $5.71 and a 1 year high of $17.64. The firm’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $11.21. The firm has a market capitalization of $858.97 million, a P/E ratio of -96.50 and a beta of 0.99.

Similarweb (NYSE:SMWB) last announced its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. Equities research analysts anticipate that Similarweb will post -0.05 EPS for the current fiscal year.

Institutional Trading of Similarweb

A number of large investors have recently bought and sold shares of SMWB. Meitav Investment House Ltd. grew its stake in shares of Similarweb by 17.0% during the 4th quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company’s stock worth $182,000 after acquiring an additional 1,870 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Similarweb during the 4th quarter valued at $29,000. New York State Common Retirement Fund acquired a new stake in Similarweb during the 4th quarter valued at $39,000. XTX Topco Ltd increased its position in Similarweb by 9.0% during the 3rd quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock worth $477,000 after buying an additional 4,453 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Similarweb by 4.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 111,149 shares of the company’s stock worth $1,575,000 after buying an additional 4,542 shares during the period. 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.