Similarweb (NYSE:SMWB – Free Report) had its target price lifted by Northland Securities from $17.00 to $20.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
SMWB has been the topic of a number of other research reports. Citigroup boosted their target price on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Similarweb in a research note on Wednesday, December 11th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research 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 on the stock. Nine research 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, the company currently has an average rating of “Buy” and a consensus price target of $13.88.
View Our Latest Stock Analysis on SMWB
Similarweb Stock Up 3.7 %
Similarweb (NYSE:SMWB – Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $64.71 million during the quarter, compared to analyst estimates of $62.90 million. Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. During the same quarter in the previous year, the firm earned ($0.05) EPS. As a group, equities analysts anticipate that Similarweb will post -0.05 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Similarweb
Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Similarweb during the 3rd quarter valued at $70,000. Heck Capital Advisors LLC bought a new stake in shares of Similarweb in the fourth quarter valued at approximately $115,000. Quantbot Technologies LP purchased a new stake in shares of Similarweb during the 3rd quarter valued at approximately $75,000. International Assets Investment Management LLC bought a new position in Similarweb in the 4th quarter worth approximately $154,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Similarweb during the 3rd quarter valued at $122,000. 57.59% of the stock is owned by institutional investors.
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.
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