Similarweb (NYSE:SMWB - Get Free Report) had its price target lifted by equities research analysts at Northland Securities from $17.00 to $20.00 in a report released on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Northland Securities' target price points to a potential upside of 21.36% from the stock's current price.
A number of other research analysts also recently issued reports on SMWB. Needham & Company LLC restated a "buy" rating and set a $14.00 target price on shares of Similarweb in a research report on Thursday, January 16th. The Goldman Sachs Group initiated coverage on shares of Similarweb in a report on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price objective on the stock. William Blair reiterated an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th. Finally, Citigroup boosted their price target on shares of Similarweb from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $13.88.
Check Out Our Latest Analysis on SMWB
Similarweb Trading Up 2.7 %
Shares of SMWB traded up $0.43 during mid-day trading on Friday, hitting $16.48. 595,002 shares of the company traded hands, compared to its average volume of 662,280. The business has a 50-day moving average of $13.78 and a 200 day moving average of $10.25. Similarweb has a one year low of $5.71 and a one year high of $16.67. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -149.82 and a beta of 0.97.
Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. The firm had revenue of $64.71 million during the quarter, compared to analyst estimates of $62.90 million. During the same period last year, the business posted ($0.05) earnings per share. As a group, analysts anticipate that Similarweb will post -0.05 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. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Similarweb by 112.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company's stock worth $3,977,000 after acquiring an additional 238,428 shares during the period. State Street Corp increased its position in Similarweb by 32.5% during the 3rd quarter. State Street Corp now owns 187,919 shares of the company's stock worth $1,661,000 after buying an additional 46,102 shares during the period. Inspire Investing LLC bought a new stake in shares of Similarweb in the third quarter valued at about $886,000. Atom Investors LP grew its stake in shares of Similarweb by 41.1% in the third quarter. Atom Investors LP now owns 143,942 shares of the company's stock valued at $1,272,000 after acquiring an additional 41,935 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Similarweb by 4.4% during the second quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company's stock worth $398,000 after acquiring an additional 2,138 shares during the period. Institutional investors own 57.59% of the company's stock.
About Similarweb
(
Get Free Report)
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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