Similarweb (NYSE:SMWB) Trading 3.7% Higher

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) rose 3.7% on Friday . The stock traded as high as $7.83 and last traded at $7.81. Approximately 8,309 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 180,923 shares. The stock had previously closed at $7.53.

Analysts Set New Price Targets

SMWB has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a "buy" rating and set a $10.00 price target on shares of Similarweb in a research report on Wednesday, February 7th. Citigroup upgraded shares of Similarweb from a "neutral" rating to a "buy" rating and increased their price target for the company from $6.00 to $10.00 in a research report on Thursday, February 15th. Barclays increased their price target on shares of Similarweb from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. JMP Securities reiterated a "market outperform" rating and set a $14.00 price target on shares of Similarweb in a research report on Friday, March 15th. Finally, William Blair reiterated an "outperform" rating on shares of Similarweb in a research report on Tuesday, March 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $10.60.

Similarweb Stock Up 2.9 %

The stock has a market cap of $609.54 million, a P/E ratio of -20.95 and a beta of 0.68. The firm's fifty day moving average price is $8.49 and its 200-day moving average price is $6.50.

Similarweb (NYSE:SMWB - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Similarweb had a negative net margin of 13.47% and a negative return on equity of 203.38%. The firm had revenue of $56.76 million for the quarter, compared to analysts' expectations of $55.90 million. Sell-side analysts predict that Similarweb Ltd. will post -0.2 earnings per share for the current year.

Institutional Trading of Similarweb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC purchased a new position in Similarweb during the first quarter valued at $136,000. GSA Capital Partners LLP raised its position in shares of Similarweb by 22.2% in the 4th quarter. GSA Capital Partners LLP now owns 107,208 shares of the company's stock worth $571,000 after purchasing an additional 19,486 shares during the last quarter. Barclays PLC raised its position in shares of Similarweb by 97.1% in the 4th quarter. Barclays PLC now owns 9,790 shares of the company's stock worth $52,000 after purchasing an additional 4,824 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Similarweb in the 4th quarter worth about $678,000. Finally, Occudo Quantitative Strategies LP raised its position in shares of Similarweb by 22.2% in the 4th quarter. Occudo Quantitative Strategies LP now owns 17,418 shares of the company's stock worth $93,000 after purchasing an additional 3,162 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.

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.