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

Similarweb Ltd. (NYSE:SMWB) has been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.50.

A number of research firms have commented on SMWB. 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. The Goldman Sachs Group began coverage on shares of Similarweb in a research report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 target price on the stock. Citigroup upped their target price on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Northland Securities upped their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th.

Similarweb Trading Up 0.8 %

Shares of SMWB stock opened at $9.49 on Friday. The company’s 50-day moving average price is $14.15 and its 200-day moving average price is $11.48. The stock has a market cap of $767.52 million, a price-to-earnings ratio of -67.75 and a beta of 0.99. Similarweb has a twelve month low of $5.71 and a twelve month high of $17.64.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share 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 predict that Similarweb will post -0.24 EPS for the current year.

Institutional Trading of Similarweb

Several hedge funds have recently made changes to their positions in SMWB. P.A.W. Capital Corp acquired a new stake in Similarweb in the third quarter valued at approximately $3,536,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Similarweb in the 3rd quarter valued at approximately $122,000. Oppenheimer & Co. Inc. raised its holdings in shares of Similarweb by 9.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 106,607 shares of the company’s stock valued at $942,000 after purchasing an additional 9,555 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Similarweb by 112.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after purchasing an additional 238,428 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Similarweb during the third quarter worth $75,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.