Brokerages Set Similarweb Ltd. (NYSE:SMWB) PT at $16.50

Similarweb Ltd. (NYSE:SMWB - Get Free Report) has been given a consensus recommendation of "Buy" by the ten research firms that are currently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.50.

Several analysts have issued reports on the company. Northland Securities upped their price objective on Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Needham & Company LLC restated a "buy" rating and set a $14.00 target price on shares of Similarweb in a research note on Thursday, February 13th. Citigroup upped their price target on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, JMP Securities reiterated a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a research note on Thursday, February 13th.

Similarweb Stock Performance

NYSE SMWB traded down $0.11 during trading hours on Thursday, hitting $9.05. 298,596 shares of the company traded hands, compared to its average volume of 365,012. The stock has a market capitalization of $747.29 million, a price-to-earnings ratio of -64.60 and a beta of 1.08. Similarweb has a twelve month low of $5.71 and a twelve month high of $17.64. The business's 50-day moving average is $12.52 and its 200-day moving average is $11.50.

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

Institutional Investors Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in Similarweb by 36.2% during the 4th quarter. California State Teachers Retirement System now owns 38,298 shares of the company's stock worth $543,000 after acquiring an additional 10,185 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Similarweb in the fourth quarter worth $115,000. Public Employees Retirement System of Ohio raised its stake in Similarweb by 25.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock valued at $140,000 after purchasing an additional 2,000 shares in the last quarter. Sphera Management Technology Funds Ltd acquired a new position in Similarweb in the fourth quarter valued at about $2,326,000. Finally, Two Sigma Advisers LP lifted its position in Similarweb by 41.1% during the fourth quarter. Two Sigma Advisers LP now owns 43,600 shares of the company's stock worth $618,000 after purchasing an additional 12,700 shares during the period. 57.59% of the stock is currently owned by institutional investors and hedge funds.

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.