Analysts Set Similarweb Ltd. (NYSE:SMWB) Target Price at $15.75

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have received a consensus recommendation of "Buy" from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.75.

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 target price on shares of Similarweb in a research note on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research note on Thursday, February 13th. Citigroup boosted their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Barclays reduced their target price on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group lowered their price target on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, April 17th.

Institutional Trading of Similarweb

A number of institutional investors have recently modified their holdings of the company. Meitav Investment House Ltd. boosted its holdings in Similarweb by 17.0% in the fourth quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company's stock worth $182,000 after acquiring an additional 1,870 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Similarweb by 25.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock worth $140,000 after purchasing an additional 2,000 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Similarweb during the 4th quarter worth approximately $29,000. New York State Common Retirement Fund acquired a new position in Similarweb during the 4th quarter valued at approximately $39,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Similarweb by 15.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company's stock worth $174,000 after buying an additional 2,825 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Performance

SMWB stock traded up $0.15 during mid-day trading on Tuesday, reaching $7.56. 231,397 shares of the stock traded hands, compared to its average volume of 659,066. Similarweb has a one year low of $5.71 and a one year high of $17.64. The stock has a market capitalization of $624.60 million, a PE ratio of -54.00 and a beta of 1.13. The business has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $10.90.

Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) 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%. The firm had revenue of $67.09 million for the quarter, compared to the consensus estimate of $66.37 million. On average, equities analysts expect 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.