Similarweb Ltd. (NYSE:SMWB) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have been assigned a consensus rating of "Buy" from the ten analysts that are 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 price target among brokerages that have issued a report on the stock in the last year is $15.75.

SMWB has been the topic of several recent research reports. The Goldman Sachs Group cut their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays lowered their price target on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in shares of Similarweb in the fourth quarter valued at approximately $115,000. Heck Capital Advisors LLC bought a new position in Similarweb in the 4th quarter worth approximately $115,000. Public Employees Retirement System of Ohio raised its position 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 during the last quarter. Teacher Retirement System of Texas acquired a new stake in Similarweb during the 4th quarter worth $153,000. Finally, Freedom Investment Management Inc. acquired a new stake in Similarweb during the 4th quarter worth $191,000. Institutional investors own 57.59% of the company's stock.

Similarweb Stock Down 1.0%

Shares of SMWB traded down $0.09 during mid-day trading on Wednesday, reaching $8.66. The company's stock had a trading volume of 309,857 shares, compared to its average volume of 498,404. Similarweb has a 1 year low of $5.71 and a 1 year high of $17.64. The business has a fifty day moving average of $8.01 and a 200 day moving average of $9.53. The company has a market cap of $715.41 million, a price-to-earnings ratio of -39.36 and a beta of 1.10.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. On average, analysts predict 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.