According to Zacks, “Similarweb Ltd. is a website which provides web analytics services for businesses. Similarweb Ltd. is based in Israel. “
A number of other equities analysts have also recently issued reports on the company. Barclays upgraded Similarweb from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a report on Wednesday, February 23rd. Citigroup decreased their target price on shares of Similarweb from $32.00 to $23.00 in a research report on Friday, February 11th. Finally, Jefferies Financial Group lifted their price target on Similarweb from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $26.57.
Similarweb (NYSE:SMWB – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.04). Similarweb had a negative return on equity of 178.53% and a negative net margin of 50.10%. The company had revenue of $40.15 million for the quarter, compared to the consensus estimate of $37.74 million. Equities analysts predict that Similarweb will post -1.1 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Naspers Ltd. bought a new position in Similarweb during the fourth quarter valued at about $200,113,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Similarweb by 88.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,684,653 shares of the company’s stock valued at $30,172,000 after acquiring an additional 789,723 shares during the period. Ulysses Management LLC bought a new stake in shares of Similarweb in the 4th quarter worth approximately $26,477,000. Millennium Management LLC lifted its stake in Similarweb by 63.3% in the fourth quarter. Millennium Management LLC now owns 613,131 shares of the company’s stock valued at $10,981,000 after purchasing an additional 237,781 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Similarweb by 176.8% during the third quarter. Macquarie Group Ltd. now owns 609,534 shares of the company’s stock valued at $12,757,000 after purchasing an additional 389,301 shares during the period. Hedge funds and other institutional investors own 26.70% of the company’s stock.
Similarweb Company Profile (Get Rating)
Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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 solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.
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