Similarweb Ltd. (NYSE:SMWB) Receives $14.88 Consensus Target Price from Analysts

Similarweb Ltd. (NYSE:SMWB) has received a consensus recommendation 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 assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $14.8750.

SMWB has been the topic of a number of recent research reports. Oppenheimer upped their price target on shares of Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday. Citigroup reduced their target price on shares of Similarweb from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Barclays reissued an “overweight” rating on shares of Similarweb in a research note on Wednesday, August 13th. Finally, Zacks Research raised shares of Similarweb from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th.

Institutional Investors Weigh In On Similarweb

Large investors have recently added to or reduced their stakes in the stock. Fullcircle Wealth LLC purchased a new stake in Similarweb in the 1st quarter valued at about $117,000. MQS Management LLC bought a new position in Similarweb during the 2nd quarter worth about $125,000. Fox Run Management L.L.C. bought a new position in Similarweb during the 2nd quarter worth about $129,000. ANTIPODES PARTNERS Ltd grew its holdings in Similarweb by 8.3% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after acquiring an additional 1,344 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in Similarweb during the 2nd quarter worth about $146,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Stock Down 7.2%

Similarweb stock opened at $8.39 on Monday. The company has a market cap of $712.06 million, a price-to-earnings ratio of -23.97 and a beta of 1.10. The firm’s fifty day moving average is $9.16 and its 200 day moving average is $8.27. Similarweb has a 52-week low of $6.36 and a 52-week high of $17.64.

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.