Similarweb Ltd. (NYSE:SMWB) Receives $16.50 Average Target Price from Brokerages

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

Several equities research analysts have weighed in on SMWB shares. Northland Securities boosted their price objective on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citigroup boosted their price objective on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Finally, Jefferies Financial Group boosted their price objective on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in shares of Similarweb during the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund bought a new position in Similarweb in the fourth quarter worth approximately $39,000. Public Employees Retirement System of Ohio bought a new position in Similarweb in the third quarter worth approximately $70,000. KLP Kapitalforvaltning AS bought a new position in Similarweb in the fourth quarter worth approximately $115,000. Finally, Heck Capital Advisors LLC bought a new position in Similarweb in the fourth quarter worth approximately $115,000. Institutional investors own 57.59% of the company’s stock.

Similarweb Trading Down 1.1 %

NYSE:SMWB opened at $9.05 on Thursday. The company has a market capitalization of $747.29 million, a P/E ratio of -64.60 and a beta of 1.08. Similarweb has a 12 month low of $5.71 and a 12 month high of $17.64. The business’s 50-day moving average is $12.52 and its 200 day moving average is $11.50.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 11th. The company reported ($0.07) EPS 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%. On average, research analysts forecast that Similarweb will post -0.24 earnings per share for the current 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.