Similarweb Ltd. (NYSE:SMWB) Receives $16.50 Average PT from Analysts

Similarweb Ltd. (NYSE:SMWB) has been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.50.

A number of equities analysts have commented on SMWB shares. Jefferies Financial Group lifted their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. William Blair reissued an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. The Goldman Sachs Group started coverage on shares of Similarweb in a research note on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Northland Securities lifted 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.

Institutional Investors Weigh In On Similarweb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new stake in Similarweb during the 4th quarter valued at about $115,000. Public Employees Retirement System of Ohio lifted its holdings in Similarweb by 25.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company’s stock valued at $140,000 after buying an additional 2,000 shares in the last quarter. Sphera Management Technology Funds Ltd bought a new stake in Similarweb during the 4th quarter valued at about $2,326,000. Two Sigma Advisers LP lifted its holdings in Similarweb by 41.1% during the 4th quarter. Two Sigma Advisers LP now owns 43,600 shares of the company’s stock valued at $618,000 after buying an additional 12,700 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Similarweb by 49.1% during the 4th quarter. Two Sigma Investments LP now owns 255,372 shares of the company’s stock valued at $3,619,000 after buying an additional 84,136 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

Similarweb Stock Performance

Shares of NYSE SMWB opened at $9.46 on Friday. The company has a market cap of $765.17 million, a P/E ratio of -67.54 and a beta of 0.99. The firm’s fifty day moving average is $14.26 and its two-hundred day moving average is $11.44. Similarweb has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. As a group, analysts forecast that Similarweb will post -0.24 EPS for the current fiscal 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.