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

Similarweb Ltd. (NYSE:SMWB) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.8750.

A number of analysts have weighed in on SMWB shares. Zacks Research upgraded shares of Similarweb from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, October 8th. Oppenheimer upped their price target on Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Finally, Barclays reiterated an “overweight” rating on shares of Similarweb in a research report on Wednesday, August 13th.

Hedge Funds Weigh In On Similarweb

Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Similarweb by 70.1% in the first quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company’s stock valued at $152,000 after purchasing an additional 7,566 shares in the last quarter. Ceera Investments LLC increased its stake in Similarweb by 22.8% in the first quarter. Ceera Investments LLC now owns 319,027 shares of the company’s stock valued at $2,638,000 after purchasing an additional 59,200 shares in the last quarter. Fullcircle Wealth LLC bought a new stake in Similarweb in the first quarter valued at $117,000. Victory Capital Management Inc. increased its stake in Similarweb by 14.8% in the first quarter. Victory Capital Management Inc. now owns 493,370 shares of the company’s stock valued at $4,080,000 after purchasing an additional 63,588 shares in the last quarter. Finally, Bailard Inc. increased its stake in Similarweb by 34.8% in the first quarter. Bailard Inc. now owns 61,256 shares of the company’s stock valued at $507,000 after purchasing an additional 15,799 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

Similarweb Price Performance

Shares of Similarweb stock opened at $8.30 on Friday. Similarweb has a fifty-two week low of $6.36 and a fifty-two week high of $17.64. The firm has a market capitalization of $704.42 million, a P/E ratio of -23.71 and a beta of 1.10. The company’s 50 day moving average price is $9.36 and its two-hundred day moving average price is $8.38.

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.