Similarweb (NYSE:SMWB) Receives Outperform Rating from William Blair

by · The Cerbat Gem

William Blair reiterated their outperform rating on shares of Similarweb (NYSE:SMWB – Free Report) in a report published on Tuesday, RTT News reports.

A number of other brokerages have also weighed in on SMWB. Citigroup upgraded shares of Similarweb from a neutral rating to a buy rating and lifted their price target for the company from $6.00 to $10.00 in a report on Thursday, February 15th. Jefferies Financial Group restated a buy rating and set a $10.00 target price on shares of Similarweb in a report on Wednesday, February 7th. Finally, Barclays lifted their target price on shares of Similarweb from $8.00 to $9.00 and gave the company an overweight rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $9.75.

View Our Latest Research Report on SMWB

Similarweb Stock Up 2.2 %

Shares of SMWB opened at $9.48 on Tuesday. The firm has a market cap of $745.60 million, a PE ratio of -25.62 and a beta of 0.68. The company’s fifty day moving average is $6.86 and its two-hundred day moving average is $6.00. Similarweb has a fifty-two week low of $4.58 and a fifty-two week high of $9.76.

Similarweb (NYSE:SMWB – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $56.76 million for the quarter, compared to analyst estimates of $55.90 million. Similarweb had a negative net margin of 13.47% and a negative return on equity of 203.38%. As a group, equities research analysts anticipate that Similarweb will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Similarweb

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Similarweb by 64.8% in the 4th quarter. Legal & General Group Plc now owns 4,171 shares of the company’s stock worth $27,000 after purchasing an additional 1,640 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Similarweb in the 3rd quarter valued at about $27,000. Tower Research Capital LLC TRC acquired a new position in shares of Similarweb in the 3rd quarter valued at about $31,000. Barclays PLC boosted its holdings in shares of Similarweb by 737.4% in the 3rd quarter. Barclays PLC now owns 4,966 shares of the company’s stock valued at $32,000 after buying an additional 4,373 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Similarweb in the 4th quarter valued at about $47,000.

Similarweb Company Profile

(Get Free Report)

Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.

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