Similarweb (NYSE:SMWB) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Similarweb (NYSE:SMWB - Free Report) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $16.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Citigroup boosted their price target on shares of Similarweb from $10.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Northland Securities increased their target price on Similarweb from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Similarweb in a report on Wednesday. Northland Capmk upgraded Similarweb to a "strong-buy" rating in a research note on Tuesday, September 10th. Finally, William Blair reiterated an "outperform" rating on shares of Similarweb in a research note on Monday, September 9th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Similarweb presently has a consensus rating of "Buy" and an average price target of $13.50.

Similarweb Trading Up 9.8 %

Shares of Similarweb stock traded up $1.19 during trading on Wednesday, hitting $13.37. 1,072,105 shares of the stock traded hands, compared to its average volume of 231,434. Similarweb has a 52-week low of $4.91 and a 52-week high of $13.41. The stock's fifty day simple moving average is $10.33 and its 200 day simple moving average is $8.74. The firm has a market cap of $1.08 billion, a P/E ratio of -118.09 and a beta of 1.03.

Institutional Trading of Similarweb

A number of institutional investors have recently bought and sold shares of SMWB. Public Employees Retirement System of Ohio acquired a new stake in Similarweb during the 3rd quarter worth about $70,000. Quantbot Technologies LP purchased a new position in shares of Similarweb in the third quarter worth about $75,000. ANTIPODES PARTNERS Ltd raised its stake in shares of Similarweb by 122.5% in 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 stake in shares of Similarweb during the third quarter worth about $122,000. Finally, Barclays PLC boosted its position in Similarweb by 201.0% in the third quarter. Barclays PLC now owns 15,414 shares of the company's stock valued at $136,000 after buying an additional 10,293 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

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.