Similarweb (NYSE:SMWB) Price Target Raised to $14.00 at Needham & Company LLC

Similarweb (NYSE:SMWB - Free Report) had its price target upped by Needham & Company LLC from $11.00 to $14.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price target on shares of Similarweb in a research note on Wednesday, August 7th. Northland Capmk raised shares of Similarweb to a "strong-buy" rating in a report on Tuesday, September 10th. Barclays boosted their price objective on shares of Similarweb from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. JMP Securities boosted their price objective on shares of Similarweb from $14.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 21st. Finally, William Blair reissued an "outperform" rating on shares of Similarweb in a report on Monday, September 9th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $12.86.

Similarweb Trading Up 5.8 %

Shares of Similarweb stock traded up $0.64 on Thursday, reaching $11.76. 677,348 shares of the stock were exchanged, compared to its average volume of 199,624. Similarweb has a 1-year low of $4.58 and a 1-year high of $11.85. The business has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $8.09. The firm has a market capitalization of $951.62 million, a PE ratio of -107.09 and a beta of 0.84.

Hedge Funds Weigh In On Similarweb

Several institutional investors and hedge funds have recently bought and sold shares of SMWB. Quantbot Technologies LP acquired a new position in Similarweb during the third quarter worth approximately $75,000. ANTIPODES PARTNERS Ltd increased its position in Similarweb by 122.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company's stock worth $90,000 after purchasing an additional 6,376 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Similarweb during the third quarter worth approximately $122,000. Verition Fund Management LLC acquired a new position in Similarweb during the third quarter worth approximately $160,000. Finally, Blair William & Co. IL increased its position in Similarweb by 20.1% during the first quarter. Blair William & Co. IL now owns 21,662 shares of the company's stock worth $195,000 after purchasing an additional 3,621 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Company Profile

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.