Shares of Similarweb Ltd. (NYSE:SMWB – Get Free Report) have been given a consensus recommendation of “Buy” by the nine research firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.71.
Several research analysts have recently weighed in on SMWB shares. Barclays lifted their price objective on Similarweb from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Needham & Company LLC initiated coverage on Similarweb in a research report on Monday. They set a “buy” rating and a $11.00 target price for the company. William Blair reissued an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Northland Capmk upgraded Similarweb to a “strong-buy” rating in a report on Tuesday, September 10th. Finally, Northland Securities initiated coverage on shares of Similarweb in a research report on Tuesday, September 10th. They set an “outperform” rating and a $15.00 price target on the stock.
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Similarweb Stock Down 3.6 %
Shares of NYSE SMWB opened at $8.73 on Monday. The business’s 50 day moving average is $8.82 and its two-hundred day moving average is $7.93. The company has a market cap of $686.62 million, a P/E ratio of -34.92 and a beta of 0.84. Similarweb has a 12 month low of $4.58 and a 12 month high of $9.76.
Similarweb (NYSE:SMWB – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. Similarweb had a negative net margin of 5.07% and a negative return on equity of 60.53%. The business had revenue of $60.64 million for the quarter, compared to analyst estimates of $60.23 million. Sell-side analysts expect that Similarweb will post -0.04 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.
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