Similarweb Ltd. (NYSE:SMWB) Given Consensus Rating of “Buy” by Analysts

Similarweb Ltd. (NYSE:SMWB) has received an average rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.75.

SMWB has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on Similarweb from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Northland Securities lifted their price target on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research note on Thursday, February 13th. Jefferies Financial Group lifted their price target on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Similarweb in a research note on Thursday, February 13th.

Institutional Investors Weigh In On Similarweb

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC purchased a new position in Similarweb during the 4th quarter valued at about $26,059,000. Schonfeld Strategic Advisors LLC purchased a new position in Similarweb during the 4th quarter valued at about $22,536,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Similarweb by 61.3% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,762,557 shares of the company’s stock valued at $22,846,000 after purchasing an additional 1,050,000 shares during the period. American Century Companies Inc. purchased a new position in Similarweb during the 1st quarter valued at about $6,015,000. Finally, Nuveen LLC purchased a new position in Similarweb during the 1st quarter valued at about $5,979,000. Institutional investors own 57.59% of the company’s stock.

Similarweb Stock Performance

NYSE:SMWB opened at $8.04 on Friday. The firm has a market capitalization of $664.26 million, a price-to-earnings ratio of -57.42 and a beta of 1.13. Similarweb has a 52-week low of $5.71 and a 52-week high of $17.64. The stock has a fifty day moving average of $7.85 and a 200 day moving average of $11.14.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.09). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. Equities analysts forecast that Similarweb will post -0.24 earnings per share for the current fiscal year.

About Similarweb

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.