Brokerages Set Similarweb Ltd. (NYSE:SMWB) PT at $13.50

Similarweb Ltd. (NYSE:SMWBGet Free Report) has been given an average rating of “Buy” by the ten research firms that are covering the stock, Marketbeat Ratings 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 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.50.

Several analysts have commented on SMWB shares. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. The Goldman Sachs Group initiated coverage on Similarweb in a report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price objective for the company. William Blair restated an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Citigroup upped their price target on Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Northland Securities boosted their price objective on shares of Similarweb from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th.

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Institutional Investors Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently made changes to their positions in SMWB. Scalar Gauge Management LLC increased its holdings in Similarweb by 45.5% during the 3rd quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock worth $7,637,000 after purchasing an additional 270,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock valued at $3,977,000 after buying an additional 238,428 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Similarweb by 60.8% in the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock valued at $3,427,000 after acquiring an additional 167,500 shares in the last quarter. P.A.W. Capital Corp acquired a new position in Similarweb during the 3rd quarter worth approximately $3,536,000. Finally, Walleye Capital LLC grew its stake in shares of Similarweb by 115.9% during the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after acquiring an additional 190,380 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Trading Down 2.4 %

Shares of NYSE SMWB opened at $14.51 on Friday. The firm has a market capitalization of $1.17 billion, a PE ratio of -131.91 and a beta of 0.97. The firm’s 50-day moving average is $12.79 and its 200-day moving average is $9.75. Similarweb has a 1 year low of $5.25 and a 1 year high of $15.10.

Similarweb Company Profile

(Get Free Report

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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Analyst Recommendations for Similarweb (NYSE:SMWB)

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