Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.8750.
SMWB has been the topic of a number of recent research reports. Oppenheimer lifted their price target on shares of Similarweb from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Similarweb in a research note on Saturday, September 27th. Barclays reiterated an "overweight" rating on shares of Similarweb in a research note on Wednesday, August 13th. Citigroup reduced their target price on Similarweb from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, Zacks Research raised Similarweb from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th.
Check Out Our Latest Report on Similarweb
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SMWB. Nuveen LLC bought a new stake in Similarweb during the 1st quarter worth about $5,979,000. Herald Investment Management Ltd acquired a new position in shares of Similarweb during the first quarter worth approximately $2,478,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Similarweb by 109.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,410,826 shares of the company's stock valued at $11,668,000 after purchasing an additional 736,004 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Similarweb by 61.3% during the first 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 last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Similarweb by 14.8% in the first quarter. Victory Capital Management Inc. now owns 493,370 shares of the company's stock valued at $4,080,000 after purchasing an additional 63,588 shares in the last quarter. 57.59% of the stock is owned by institutional investors.
Similarweb Stock Down 1.3%
Similarweb stock opened at $9.15 on Monday. The business has a 50 day moving average price of $9.12 and a two-hundred day moving average price of $8.26. Similarweb has a 12 month low of $6.36 and a 12 month high of $17.64. The stock has a market cap of $776.73 million, a price-to-earnings ratio of -26.15 and a beta of 1.10.
About Similarweb
(
Get Free Report)
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.
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