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

Similarweb Ltd. (NYSE:SMWB) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.60.

SMWB has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $14.00 price objective on shares of Similarweb in a research note on Friday, March 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Similarweb in a report on Wednesday, February 7th. Barclays boosted their price target on Similarweb from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Citigroup raised shares of Similarweb from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $6.00 to $10.00 in a research note on Thursday, February 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of Similarweb in a report on Tuesday, March 5th.

Hedge Funds Weigh In On Similarweb

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in shares of Similarweb by 64.8% in the fourth quarter. Legal & General Group Plc now owns 4,171 shares of the company’s stock valued at $27,000 after buying an additional 1,640 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Similarweb in the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC purchased a new stake in Similarweb in the 3rd quarter worth $31,000. Barclays PLC raised its position in Similarweb by 737.4% during the third quarter. Barclays PLC now owns 4,966 shares of the company’s stock worth $32,000 after acquiring an additional 4,373 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in Similarweb during the fourth quarter valued at $47,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Trading Down 2.0 %

Shares of NYSE:SMWB opened at $7.52 on Friday. Similarweb has a twelve month low of $4.58 and a twelve month high of $9.76. The company’s 50 day moving average is $8.48 and its 200 day moving average is $6.49.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Similarweb had a negative net margin of 13.47% and a negative return on equity of 203.38%. The business had revenue of $56.76 million for the quarter, compared to the consensus estimate of $55.90 million. As a group, research analysts expect that Similarweb will post -0.2 earnings per share 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.