JMP Securities Reiterates “Market Outperform” Rating for Similarweb (NYSE:SMWB)

JMP Securities reissued their market outperform rating on shares of Similarweb (NYSE:SMWB) in a research note published on Wednesday morning,Benzinga reports. JMP Securities currently has a $17.00 target price on the stock.

Other research analysts have also issued research reports about the company. Citigroup lifted their price target on Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. William Blair reiterated an “outperform” rating on shares of Similarweb in a research report on Monday, September 9th. Northland Securities raised their price objective on shares of Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of Similarweb in a research note on Wednesday. Finally, Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research note on Tuesday, September 10th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $13.50.

Similarweb Stock Down 1.7 %

Shares of Similarweb stock opened at $12.78 on Wednesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -116.18 and a beta of 1.03. Similarweb has a twelve month low of $4.91 and a twelve month high of $13.52. The business has a 50-day moving average price of $10.60 and a 200-day moving average price of $8.83.

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Similarweb by 201.0% during the third quarter. Barclays PLC now owns 15,414 shares of the company’s stock valued at $136,000 after acquiring an additional 10,293 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Similarweb during the third quarter valued at approximately $70,000. XTX Topco Ltd raised its stake in shares of Similarweb by 9.0% during the third quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock valued at $477,000 after acquiring an additional 4,453 shares in the last quarter. State Street Corp raised its stake in shares of Similarweb by 32.5% during the third quarter. State Street Corp now owns 187,919 shares of the company’s stock valued at $1,661,000 after acquiring an additional 46,102 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Similarweb during the third quarter valued at approximately $212,000. Institutional investors 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.