Similarweb Ltd. (NYSE:SMWB) Receives Average Rating of "Buy" from Analysts

Similarweb Ltd. (NYSE:SMWB - Get Free Report) has been given an average recommendation of "Buy" by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.50.

SMWB has been the subject of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities upped their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group initiated coverage on shares of Similarweb in a research report on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price target for the company. Jefferies Financial Group upped their price target 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, Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Similarweb in a research report on Thursday, February 13th.

Similarweb Trading Up 4.6 %

SMWB opened at $9.93 on Friday. The company has a market cap of $803.53 million, a price-to-earnings ratio of -70.92 and a beta of 0.99. The company's 50 day moving average is $14.35 and its 200 day moving average is $11.46. Similarweb has a 12-month low of $5.71 and a 12-month high of $17.64.

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Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly 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%. As a group, analysts predict that Similarweb will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in Similarweb during the fourth quarter valued at $29,000. New York State Common Retirement Fund purchased a new stake in Similarweb during the fourth quarter valued at $39,000. Public Employees Retirement System of Ohio purchased a new stake in Similarweb during the third quarter valued at $70,000. Quantbot Technologies LP purchased a new stake in Similarweb during the third quarter valued at $75,000. Finally, Heck Capital Advisors LLC purchased a new stake in Similarweb during the fourth quarter valued at $115,000. Hedge funds and other 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.