Similarweb Ltd. (NYSE:SMWB) Given Consensus Rating of “Buy” by Analysts

Shares of Similarweb Ltd. (NYSE:SMWB) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.88.

Several research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Similarweb in a research report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 target price for the company. Northland Securities boosted their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citigroup boosted their price target on shares of Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. William Blair reissued an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Finally, JMP Securities reissued a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th.

Similarweb Trading Down 4.7 %

Similarweb stock opened at $16.21 on Wednesday. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.39. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -147.36 and a beta of 0.97. The firm has a 50 day simple moving average of $14.30 and a 200 day simple moving average of $10.71.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $64.71 million for the quarter, compared to analysts’ expectations of $62.90 million. Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities research analysts forecast that Similarweb will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Similarweb

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of Similarweb during the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund purchased a new stake in shares of Similarweb during the fourth quarter valued at approximately $39,000. Public Employees Retirement System of Ohio bought a new position in Similarweb during the third quarter valued at approximately $70,000. Heck Capital Advisors LLC bought a new position in Similarweb during the fourth quarter valued at approximately $115,000. Finally, Quantbot Technologies LP bought a new position in Similarweb during the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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.