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

Similarweb Ltd. (NYSE:SMWB - Get Free Report) has received an average rating of "Buy" from the ten brokerages that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.50.

Several research analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of Similarweb in a research report on Wednesday, December 11th. Citigroup boosted their price target on Similarweb from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. William Blair reaffirmed an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. The Goldman Sachs Group started coverage on Similarweb in a research report on Wednesday, December 11th. They issued a "buy" rating and a $16.00 target price on the stock. Finally, Northland Capmk raised shares of Similarweb to a "strong-buy" rating in a report on Tuesday, September 10th.

Institutional Investors Weigh In On Similarweb

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Similarweb in the 3rd quarter valued at about $70,000. Quantbot Technologies LP purchased a new stake in shares of Similarweb in the third quarter worth approximately $75,000. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Similarweb by 122.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company's stock valued at $90,000 after purchasing an additional 6,376 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Similarweb during the third quarter worth $122,000. Finally, Barclays PLC raised its position in Similarweb by 201.0% in the 3rd quarter. Barclays PLC now owns 15,414 shares of the company's stock valued at $136,000 after buying an additional 10,293 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Up 3.7 %

Shares of SMWB traded up $0.52 during mid-day trading on Friday, hitting $14.51. 338,390 shares of the company's stock were exchanged, compared to its average volume of 387,595. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -131.91 and a beta of 1.03. The stock's 50-day simple moving average is $12.20 and its 200-day simple moving average is $9.52. Similarweb has a 52 week low of $5.07 and a 52 week high of $14.84.

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.