Similarweb Ltd. (NYSE:SMWB) Receives Average Recommendation of "Buy" from Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have earned a consensus rating of "Buy" from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.75.

A number of equities analysts have recently weighed in on SMWB shares. Needham & Company LLC reiterated a "buy" rating and set a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. Citigroup upped their price target on Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. The Goldman Sachs Group dropped 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. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Finally, Jefferies Financial Group lifted their price target on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd.

Institutional Trading of Similarweb

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CenterBook Partners LP lifted its position in Similarweb by 307.2% in the 1st quarter. CenterBook Partners LP now owns 807,696 shares of the company's stock valued at $6,680,000 after purchasing an additional 609,365 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Similarweb during the first quarter worth approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Similarweb by 15.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company's stock worth $174,000 after buying an additional 2,825 shares in the last quarter. Phoenix Financial Ltd. grew its holdings in Similarweb by 2.5% in the 1st quarter. Phoenix Financial Ltd. now owns 2,585,985 shares of the company's stock worth $21,386,000 after buying an additional 63,978 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Similarweb during the first quarter valued at $332,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Stock Up 3.0 %

Shares of SMWB stock traded up $0.22 on Friday, hitting $7.66. The company had a trading volume of 461,055 shares, compared to its average volume of 400,609. The firm has a market cap of $632.86 million, a P/E ratio of -54.71 and a beta of 1.13. Similarweb has a twelve month low of $5.71 and a twelve month high of $17.64. The company has a 50-day moving average price of $7.91 and a 200-day moving average price of $11.15.

Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. Equities research analysts expect that Similarweb will post -0.24 EPS 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.