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

Shares of Similarweb Ltd. (NYSE:SMWB) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.50.

A number of research analysts recently issued reports on SMWB shares. Citigroup boosted their price objective on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, November 14th. William Blair reissued an “outperform” rating on shares of Similarweb in a research report on Monday, September 9th. The Goldman Sachs Group began coverage on shares of Similarweb in a research report on Wednesday. They set a “buy” rating and a $16.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Wednesday. Finally, Northland Securities increased their price objective on shares of Similarweb from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Similarweb in the 3rd quarter valued at approximately $70,000. Quantbot Technologies LP bought a new position in Similarweb during the 3rd quarter worth approximately $75,000. ANTIPODES PARTNERS Ltd raised its holdings in Similarweb by 122.5% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after purchasing an additional 6,376 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Similarweb during the 3rd quarter worth approximately $122,000. Finally, Barclays PLC raised its holdings in Similarweb by 201.0% during the 3rd quarter. Barclays PLC now owns 15,414 shares of the company’s stock worth $136,000 after purchasing an additional 10,293 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Similarweb Trading Down 1.7 %

Shares of NYSE SMWB opened at $12.78 on Tuesday. Similarweb has a 1-year low of $4.91 and a 1-year high of $13.52. The company has a market cap of $1.03 billion, a PE ratio of -116.18 and a beta of 1.03. The company has a 50-day moving average of $10.60 and a two-hundred day moving average of $8.84.

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.