Similarweb Ltd. (NYSE:SMWB) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have been given an average rating of "Buy" by the ten brokerages that are covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.13.

A number of equities research analysts recently commented on SMWB shares. Jefferies Financial Group increased their price target on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Similarweb in a report on Thursday, February 13th. The Goldman Sachs Group decreased their price target on shares of Similarweb from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Finally, Northland Securities lifted their price objective on Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th.

Similarweb Trading Up 1.1 %

NYSE:SMWB traded up $0.07 during mid-day trading on Monday, hitting $6.95. The company's stock had a trading volume of 359,403 shares, compared to its average volume of 385,674. Similarweb has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The company has a market capitalization of $574.53 million, a price-to-earnings ratio of -49.67 and a beta of 1.12. The stock has a fifty day moving average of $9.30 and a 200-day moving average of $11.33.

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Similarweb (NYSE:SMWB - Get Free Report) 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 return on equity of 47.62% and a negative net margin of 4.58%. On average, equities analysts anticipate that Similarweb will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of Similarweb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC acquired a new stake in shares of Similarweb in the fourth quarter valued at approximately $26,059,000. Schonfeld Strategic Advisors LLC acquired a new stake in Similarweb during the 4th quarter worth approximately $22,536,000. T. Rowe Price Investment Management Inc. bought a new position in Similarweb during the 4th quarter worth $9,563,000. Victory Capital Management Inc. bought a new stake in shares of Similarweb in the fourth quarter valued at about $6,090,000. Finally, Next Century Growth Investors LLC increased its position in Similarweb by 146.7% during the fourth quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company's stock worth $9,907,000 after acquiring an additional 415,792 shares during the period. Institutional investors own 57.59% of the company's stock.

About Similarweb

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.