Brokerages Set Similarweb Ltd. (NYSE:SMWB) PT at $13.50

Shares of Similarweb Ltd. (NYSE:SMWB) have been assigned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.50.

A number of research firms have recently commented on SMWB. Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Similarweb in a report on Wednesday, December 11th. JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Similarweb in a research note on Wednesday, December 11th. Northland Capmk upgraded shares of Similarweb to a “strong-buy” rating in a research note on Tuesday, September 10th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Finally, The Goldman Sachs Group began coverage on shares of Similarweb in a research note on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price objective for the company.

Similarweb Price Performance

Shares of SMWB opened at $14.83 on Friday. The firm has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $9.58. Similarweb has a one year low of $5.25 and a one year high of $14.88. The company has a market cap of $1.20 billion, a P/E ratio of -134.82 and a beta of 0.97.

Hedge Funds Weigh In On Similarweb

A number of hedge funds have recently modified their holdings of SMWB. Public Employees Retirement System of Ohio bought a new stake in Similarweb in the third quarter valued at approximately $70,000. Quantbot Technologies LP bought a new stake in shares of Similarweb in the 3rd quarter valued at $75,000. ANTIPODES PARTNERS Ltd increased its position in shares of Similarweb by 122.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after buying an additional 6,376 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Similarweb during the third quarter worth $122,000. Finally, Barclays PLC lifted its holdings in Similarweb by 201.0% in the third quarter. Barclays PLC now owns 15,414 shares of the company’s stock valued at $136,000 after buying an additional 10,293 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.