Similarweb Ltd. (NYSE:SMWB) Receives Average Rating of “Buy” from Analysts

Shares of Similarweb Ltd. (NYSE:SMWB) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.50.

Several research firms recently issued reports on SMWB. Northland Securities boosted their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. Jefferies Financial Group boosted their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th.

Similarweb Stock Up 1.5 %

Shares of SMWB stock opened at $9.21 on Thursday. Similarweb has a twelve month low of $5.71 and a twelve month high of $17.64. The stock’s fifty day simple moving average is $12.75 and its 200 day simple moving average is $11.50. The firm has a market capitalization of $760.51 million, a P/E ratio of -65.75 and a beta of 1.08.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. As a group, equities research analysts expect that Similarweb will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Institutional investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D bought a new position in Similarweb in the 3rd quarter valued at $122,000. Oppenheimer & Co. Inc. grew its position in Similarweb by 9.8% during the third quarter. Oppenheimer & Co. Inc. now owns 106,607 shares of the company’s stock valued at $942,000 after buying an additional 9,555 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Similarweb by 112.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after buying an additional 238,428 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Similarweb during the 3rd quarter worth approximately $75,000. Finally, Walleye Capital LLC increased its position in Similarweb by 115.9% in the third quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after buying an additional 190,380 shares during the last quarter. 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.