Shares of Similarweb Ltd. (NYSE:SMWB – Get Free Report) have earned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.71.
Several research analysts have weighed in on SMWB shares. Needham & Company LLC assumed coverage on shares of Similarweb in a research report on Monday, October 21st. They set a “buy” rating and a $11.00 target price on the stock. William Blair restated an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Similarweb in a report on Wednesday, August 7th. Northland Capmk upgraded Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Finally, Barclays raised their price target on Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th.
Read Our Latest Report on SMWB
Institutional Trading of Similarweb
Similarweb Trading Up 1.6 %
Shares of SMWB stock opened at $8.78 on Monday. The stock has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $7.94. The company has a market cap of $690.56 million, a price-to-earnings ratio of -35.12 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 released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $60.64 million during the quarter, compared to analysts’ expectations of $60.23 million. Similarweb had a negative return on equity of 60.53% and a negative net margin of 5.07%. On average, equities analysts forecast that Similarweb will post -0.04 earnings per share for the current fiscal year.
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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