Similarweb (NYSE:SMWB) Stock Price Up 3.7%

Similarweb Ltd. (NYSE:SMWB)’s stock price rose 3.7% during trading on Friday . The stock traded as high as $7.83 and last traded at $7.81. Approximately 8,309 shares traded hands during trading, a decline of 95% from the average daily volume of 180,923 shares. The stock had previously closed at $7.53.

Analyst Upgrades and Downgrades

SMWB has been the subject of several research analyst reports. Barclays upped their target price on shares of Similarweb from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. William Blair reissued an “outperform” rating on shares of Similarweb in a report on Tuesday, March 5th. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Similarweb in a report on Friday, March 15th. Citigroup raised shares of Similarweb from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.00 to $10.00 in a report on Thursday, February 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $10.00 price target on shares of Similarweb in a report on Wednesday, February 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Similarweb has an average rating of “Buy” and a consensus target price of $10.60.

Similarweb Trading Up 2.9 %

The stock has a market cap of $609.54 million, a P/E ratio of -20.95 and a beta of 0.68. The company’s fifty day simple moving average is $8.49 and its 200-day simple moving average is $6.50.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 13th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Similarweb had a negative net margin of 13.47% and a negative return on equity of 203.38%. The business had revenue of $56.76 million for the quarter, compared to analyst estimates of $55.90 million. As a group, analysts expect that Similarweb Ltd. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Several large investors have recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd bought a new stake in Similarweb during the 3rd quarter worth about $27,000. Legal & General Group Plc grew its holdings in Similarweb by 64.8% during the 4th quarter. Legal & General Group Plc now owns 4,171 shares of the company’s stock worth $27,000 after acquiring an additional 1,640 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Similarweb during the 3rd quarter worth about $31,000. Barclays PLC grew its holdings in Similarweb by 737.4% during the 3rd quarter. Barclays PLC now owns 4,966 shares of the company’s stock worth $32,000 after acquiring an additional 4,373 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Similarweb during the 4th quarter worth about $47,000. Institutional investors own 57.59% of the company’s stock.

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.