Similarweb Ltd. (NYSE:SMWB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.88 and last traded at $14.83, with a volume of 498922 shares traded. The stock had previously closed at $14.51.
Analysts Set New Price Targets
SMWB has been the topic of several recent research reports. Northland Capmk upgraded Similarweb to a "strong-buy" rating in a research report on Tuesday, September 10th. JMP Securities restated a "market outperform" rating and set a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th. The Goldman Sachs Group began coverage on shares of Similarweb in a research report on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Northland Securities upped their price objective on shares of Similarweb from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 26th. Finally, Citigroup lifted their target price on shares of Similarweb from $10.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $13.50.
View Our Latest Analysis on Similarweb
Similarweb Trading Up 2.2 %
The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -134.82 and a beta of 0.97. The stock's 50 day moving average is $12.31 and its 200 day moving average is $9.58.
Institutional Trading of Similarweb
Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Similarweb in the 3rd quarter valued at about $70,000. Quantbot Technologies LP acquired a new position in shares of Similarweb in the third quarter valued at approximately $75,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Similarweb during the third quarter valued at approximately $122,000. Barclays PLC boosted its position in Similarweb by 201.0% during the third quarter. Barclays PLC now owns 15,414 shares of the company's stock worth $136,000 after acquiring an additional 10,293 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Similarweb in the 3rd quarter worth approximately $160,000. Institutional investors and hedge funds 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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