Similarweb (NYSE:SMWB) Given New $13.00 Price Target at The Goldman Sachs Group

Similarweb (NYSE:SMWB) had its price objective reduced by The Goldman Sachs Group from $15.00 to $13.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. William Blair reissued an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Jefferies Financial Group boosted their price target on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Citigroup raised their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Northland Securities boosted their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $16.13.

Similarweb Trading Down 2.4 %

Similarweb stock opened at $8.39 on Friday. Similarweb has a 52 week low of $5.71 and a 52 week high of $17.64. The stock has a market cap of $693.01 million, a price-to-earnings ratio of -59.91 and a beta of 1.08. The company’s 50-day moving average price is $11.87 and its two-hundred day moving average price is $11.50.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) 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%. Research analysts expect that Similarweb will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Similarweb during the 3rd quarter worth approximately $75,000. Walleye Capital LLC boosted its position in shares of Similarweb by 115.9% in the third quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after buying an additional 190,380 shares during the period. Verition Fund Management LLC purchased a new position in shares of Similarweb during the third quarter valued at $160,000. Scalar Gauge Management LLC raised its position in Similarweb by 45.5% during the third quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock valued at $7,637,000 after buying an additional 270,000 shares during the period. Finally, Atom Investors LP lifted its stake in Similarweb by 41.1% in the 3rd quarter. Atom Investors LP now owns 143,942 shares of the company’s stock worth $1,272,000 after acquiring an additional 41,935 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.