Similarweb Ltd. (NYSE:SMWB) Given Average Rating of “Buy” by Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB) have received a consensus rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.75.

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. 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. The Goldman Sachs Group decreased their price objective on Similarweb from $13.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Barclays reduced their price target on shares of Similarweb from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, May 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Similarweb in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Similarweb in the fourth quarter valued at about $115,000. Jennison Associates LLC purchased a new position in shares of Similarweb during the 4th quarter worth approximately $26,059,000. Calamos Advisors LLC lifted its holdings in shares of Similarweb by 147.4% in the 4th quarter. Calamos Advisors LLC now owns 171,167 shares of the company’s stock valued at $2,425,000 after buying an additional 101,975 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of Similarweb by 6.3% in the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company’s stock valued at $20,541,000 after buying an additional 86,500 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Similarweb in the fourth quarter valued at approximately $39,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Stock Performance

NYSE:SMWB opened at $7.30 on Tuesday. The company has a fifty day moving average of $7.41 and a two-hundred day moving average of $10.92. Similarweb has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The stock has a market capitalization of $603.12 million, a PE ratio of -52.14 and a beta of 1.13.

Similarweb (NYSE:SMWB) last issued its earnings results on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. The firm had revenue of $67.09 million for the quarter, compared to analysts’ expectations of $66.37 million. Research analysts forecast that Similarweb will post -0.24 earnings per share for the current year.

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.