Similarweb (NYSE:SMWB) Price Target Raised to $17.00

Similarweb (NYSE:SMWB) had its price target upped by Northland Securities from $15.00 to $17.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the stock. JMP Securities lifted their target price on shares of Similarweb from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Similarweb in a research note on Wednesday, August 7th. William Blair reissued an “outperform” rating on shares of Similarweb in a research note on Monday, September 9th. Citigroup boosted their price target on Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Barclays increased their price objective on Similarweb from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Similarweb has a consensus rating of “Buy” and a consensus target price of $13.14.

Similarweb Price Performance

Shares of Similarweb stock opened at $12.42 on Tuesday. Similarweb has a one year low of $4.58 and a one year high of $12.99. The business’s 50 day simple moving average is $9.71 and its two-hundred day simple moving average is $8.46. The stock has a market capitalization of $1.01 billion, a P/E ratio of -112.82 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMWB. Public Employees Retirement System of Ohio bought a new stake in shares of Similarweb during the third quarter valued at approximately $70,000. Quantbot Technologies LP bought a new stake in shares of Similarweb during the 3rd quarter valued at $75,000. ANTIPODES PARTNERS Ltd grew its position in shares of Similarweb by 122.5% in the 2nd 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 shares of Similarweb in the 3rd quarter worth about $122,000. Finally, Barclays PLC lifted its position in Similarweb by 201.0% during 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. Institutional investors own 57.59% of the company’s stock.

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.