Similarweb's (SMWB) "Market Outperform" Rating Reaffirmed at JMP Securities

Similarweb (NYSE:SMWB - Get Free Report)'s stock had its "market outperform" rating reaffirmed by investment analysts at JMP Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $17.00 target price on the stock. JMP Securities' target price would suggest a potential upside of 57.04% from the stock's current price.

Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Northland Securities upped their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. William Blair reaffirmed an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. Citigroup upped their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 target price on shares of Similarweb in a research note on Thursday. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Similarweb presently has a consensus rating of "Buy" and an average target price of $16.50.

Similarweb Price Performance

Shares of SMWB stock traded up $0.24 during trading hours on Thursday, hitting $10.83. The company had a trading volume of 1,108,491 shares, compared to its average volume of 648,535. The company's fifty day moving average is $14.83 and its 200 day moving average is $11.31. Similarweb has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The stock has a market capitalization of $875.96 million, a PE ratio of -98.41 and a beta of 0.99.

Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. Equities analysts forecast that Similarweb will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On Similarweb

Large investors have recently modified their holdings of the company. P.A.W. Capital Corp acquired a new position in shares of Similarweb in the 3rd quarter valued at $3,536,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Similarweb in the 3rd quarter valued at $122,000. Oppenheimer & Co. Inc. boosted 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 buying an additional 9,555 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company's stock valued at $3,977,000 after buying an additional 238,428 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Similarweb in the 3rd quarter valued at $75,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.