Brokerages Set Similarweb Ltd. (NYSE:SMWB) PT at $14.88

Key Points

• Shares of Similarweb Ltd. (NYSE:SMWB) have received an average rating of "Moderate Buy" from ten research firms, with one hold and nine buy ratings.
• The average 1-year target price for Similarweb's stock among analysts is $14.8750, indicating potential upside from its current trading price of around $9.89.
• Recently, institutional investors have shown significant interest, with Tidal Investments increasing its stake by 66.4% and Engineers Gate Manager LP boosting its holdings by 375.8% in the second quarter.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.8750.

A number of brokerages recently issued reports on SMWB. Citigroup decreased their price objective on shares of Similarweb from $13.00 to $11.00 and set a "buy" rating for the company in a report on Friday, August 1st. Oppenheimer boosted their price target on shares of Similarweb from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Barclays reaffirmed an "overweight" rating on shares of Similarweb in a research note on Wednesday, August 13th. Finally, Zacks Research raised Similarweb from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th.

Similarweb Stock Up 0.1%

NYSE SMWB traded up $0.01 on Thursday, reaching $10.00. The company had a trading volume of 363,093 shares, compared to its average volume of 530,082. Similarweb has a 52 week low of $6.36 and a 52 week high of $17.64. The stock's 50 day moving average is $8.88 and its 200-day moving average is $8.22. The stock has a market cap of $848.70 million, a price-to-earnings ratio of -28.57 and a beta of 1.13.

Institutional Trading of Similarweb

Several hedge funds have recently bought and sold shares of SMWB. Heck Capital Advisors LLC bought a new stake in shares of Similarweb during the fourth quarter worth $115,000. Fullcircle Wealth LLC acquired a new position in Similarweb in the 1st quarter worth $117,000. MQS Management LLC acquired a new stake in shares of Similarweb in the 2nd quarter valued at about $125,000. Fox Run Management L.L.C. acquired a new stake in shares of Similarweb in the 2nd quarter valued at about $129,000. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Similarweb by 8.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company's stock valued at $137,000 after purchasing an additional 1,344 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Company Profile

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.