Similarweb (NYSE:SMWB - Get Free Report) had its price target dropped by The Goldman Sachs Group from $15.00 to $13.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's target price indicates a potential upside of 53.94% from the stock's previous close.
Several other equities research analysts have also recently commented on SMWB. 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. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 target price on shares of Similarweb in a report on Thursday, February 13th. Northland Securities raised their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Citigroup upped their price target on Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group raised their price objective on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $16.13.
Read Our Latest Analysis on Similarweb
Similarweb Stock Up 2.1 %
Similarweb stock traded up $0.18 during trading hours on Friday, hitting $8.45. 104,718 shares of the company traded hands, compared to its average volume of 712,944. The firm's 50-day simple moving average is $11.73 and its two-hundred day simple moving average is $11.50. The firm has a market cap of $697.72 million, a P/E ratio of -60.32 and a beta of 1.08. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.64.
Similarweb (NYSE:SMWB - Get Free Report) last announced its earnings results 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 47.62% and a negative net margin of 4.58%. On average, equities research analysts predict that Similarweb will post -0.24 earnings per share for the current year.
Institutional Trading of Similarweb
Several hedge funds and other institutional investors have recently modified their holdings of SMWB. Jennison Associates LLC purchased a new stake in Similarweb in the 4th quarter worth about $26,059,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Similarweb in the 4th quarter valued at about $22,536,000. Y.D. More Investments Ltd lifted its position in shares of Similarweb by 6.3% in the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock worth $20,541,000 after purchasing an additional 86,500 shares in the last quarter. Scalar Gauge Management LLC grew its position in Similarweb by 29.2% during the fourth quarter. Scalar Gauge Management LLC now owns 1,115,778 shares of the company's stock valued at $15,811,000 after purchasing an additional 251,855 shares in the last quarter. Finally, S Squared Technology LLC increased its stake in Similarweb by 2.8% in the 4th quarter. S Squared Technology LLC now owns 1,056,291 shares of the company's stock valued at $14,968,000 after buying an additional 28,274 shares during the period. Institutional investors and hedge funds own 57.59% of the company's stock.
Similarweb Company Profile
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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.
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