Similarweb Ltd. (NYSE:SMWB) Receives Average Rating of "Buy" from Analysts

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

Several equities research analysts recently weighed in on SMWB shares. The Goldman Sachs Group decreased their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays decreased their target price on Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th.

Institutional Trading of Similarweb

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Similarweb in the fourth quarter valued at $29,000. New York State Common Retirement Fund acquired a new stake in Similarweb in the fourth quarter valued at $39,000. KLP Kapitalforvaltning AS acquired a new stake in Similarweb in the fourth quarter valued at $115,000. Heck Capital Advisors LLC acquired a new stake in Similarweb in the fourth quarter valued at $115,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Similarweb by 25.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock valued at $140,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Performance

Shares of Similarweb stock opened at $7.61 on Friday. Similarweb has a one year low of $5.71 and a one year high of $17.64. The company has a market cap of $628.33 million, a PE ratio of -34.57 and a beta of 1.09. The business has a 50-day simple moving average of $7.55 and a 200-day simple moving average of $10.32.

Similarweb (NYSE:SMWB - Get Free Report) last announced 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). The company had revenue of $67.09 million for the quarter, compared to analyst estimates of $66.37 million. Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. On average, sell-side analysts predict 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.

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