Similarweb Ltd. (NYSE:SMWB) Receives $15.75 Consensus Target Price from Analysts

Similarweb Ltd. (NYSE:SMWB) has received an average rating of “Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.75.

SMWB has been the subject of a number of research reports. The Goldman Sachs Group decreased their price objective on Similarweb from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Northland Securities raised their price objective on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Citigroup raised their price objective on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays decreased their price objective on Similarweb from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th.

Institutional Investors Weigh In On Similarweb

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of Similarweb during the 4th quarter valued at about $29,000. New York State Common Retirement Fund acquired a new position in Similarweb during the fourth quarter valued at approximately $39,000. Heck Capital Advisors LLC bought a new position in shares of Similarweb in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS bought a new position in shares of Similarweb in the fourth quarter valued at approximately $115,000. Finally, Fullcircle Wealth LLC bought a new position in shares of Similarweb in the first quarter valued at approximately $117,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Stock Down 4.4%

NYSE:SMWB opened at $7.33 on Friday. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.64. The firm has a market capitalization of $605.60 million, a price-to-earnings ratio of -52.35 and a beta of 1.13. The stock has a fifty day simple moving average of $7.79 and a 200 day simple moving average of $11.10.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. The company had revenue of $67.09 million during the quarter, compared to analyst estimates of $66.37 million. Equities analysts predict that Similarweb will post -0.24 earnings per share for the current 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.