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

Similarweb Ltd. (NYSE:SMWB) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.75.

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

Institutional Trading of Similarweb

A number of large investors have recently added to or reduced their stakes in SMWB. Global Retirement Partners LLC acquired a new stake in Similarweb during the 4th quarter valued at $29,000. New York State Common Retirement Fund bought a new stake in Similarweb during the fourth quarter worth about $39,000. Heck Capital Advisors LLC bought a new position in Similarweb in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS acquired a new position in shares of Similarweb during the 4th quarter worth $115,000. Finally, Fullcircle Wealth LLC bought a new position in shares of Similarweb in the first quarter worth about $117,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Performance

NYSE:SMWB opened at $8.21 on Tuesday. The firm’s 50-day moving average is $7.36 and its 200-day moving average is $10.77. The company has a market cap of $678.30 million, a price-to-earnings ratio of -58.64 and a beta of 1.09. Similarweb has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last issued its earnings results on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $66.37 million. Equities analysts predict that Similarweb will post -0.24 EPS for the current year.

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.