Similarweb Ltd. (NYSE:SMWB) Given Average Rating of "Buy" by Analysts

Similarweb Ltd. (NYSE:SMWB - Get Free Report) has been assigned an average rating of "Buy" from the ten analysts that are presently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $15.75.

SMWB has been the subject of several research reports. Barclays reduced their price objective on Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. The Goldman Sachs Group cut 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SMWB. Global Retirement Partners LLC acquired a new stake in shares of Similarweb during the 4th quarter worth about $29,000. New York State Common Retirement Fund purchased a new position in shares of Similarweb during the fourth quarter valued at approximately $39,000. KLP Kapitalforvaltning AS acquired a new stake in Similarweb during the fourth quarter worth approximately $115,000. Heck Capital Advisors LLC acquired a new stake in shares of Similarweb during the fourth quarter worth $115,000. Finally, Fullcircle Wealth LLC acquired a new stake in Similarweb in the 1st quarter worth about $117,000. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Price Performance

Shares of NYSE SMWB traded up $0.73 during trading on Friday, hitting $8.57. 778,397 shares of the company were exchanged, compared to its average volume of 479,755. Similarweb has a 1 year low of $5.71 and a 1 year high of $17.64. The company has a market cap of $708.05 million, a price-to-earnings ratio of -38.95 and a beta of 1.10. The firm's fifty day moving average price is $7.61 and its 200 day moving average price is $10.23.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. The company had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. On average, research analysts forecast that Similarweb will post -0.24 earnings per share for the current 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.