Northland Securities Raises Similarweb (NYSE:SMWB) Price Target to $17.00

Similarweb (NYSE:SMWB) had its price objective raised by equities research analysts at Northland Securities from $15.00 to $17.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 35.14% from the company’s previous close.

Several other brokerages have also recently commented on SMWB. Needham & Company LLC increased their target price on shares of Similarweb from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JMP Securities raised their price objective on Similarweb from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Citigroup lifted their target price on Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Northland Capmk raised Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Monday, September 9th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Similarweb has an average rating of “Buy” and an average target price of $13.14.

Similarweb Stock Up 2.4 %

NYSE:SMWB opened at $12.58 on Tuesday. The company has a market cap of $1.02 billion, a P/E ratio of -114.55 and a beta of 0.84. Similarweb has a twelve month low of $4.58 and a twelve month high of $12.99. The business has a 50 day moving average price of $9.55 and a two-hundred day moving average price of $8.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SMWB. Public Employees Retirement System of Ohio bought a new position in Similarweb during the third quarter worth $70,000. Quantbot Technologies LP bought a new stake in shares of Similarweb during the 3rd quarter worth about $75,000. ANTIPODES PARTNERS Ltd grew its stake in Similarweb by 122.5% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock valued at $90,000 after buying an additional 6,376 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Similarweb in the 3rd quarter valued at about $122,000. Finally, Barclays PLC raised its holdings in Similarweb by 201.0% in the 3rd quarter. Barclays PLC now owns 15,414 shares of the company’s stock valued at $136,000 after acquiring an additional 10,293 shares during the period. 57.59% of the stock is owned by institutional investors and hedge funds.

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.