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

Similarweb (NYSE:SMWB) had its target price upped by JMP Securities from $16.00 to $17.00 in a report published on Thursday,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other brokerages also recently weighed in on SMWB. Northland Securities started coverage on Similarweb in a report on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 price target for the company. William Blair reissued an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Needham & Company LLC lifted their price target on shares of Similarweb from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday. Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Finally, Barclays raised their target price on shares of Similarweb from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Similarweb currently has a consensus rating of “Buy” and a consensus price target of $12.86.

Similarweb Stock Down 2.5 %

Shares of SMWB traded down $0.30 during trading on Thursday, reaching $11.55. The company’s stock had a trading volume of 264,709 shares, compared to its average volume of 200,737. The company has a market cap of $934.61 million, a price-to-earnings ratio of -105.09 and a beta of 0.84. The company has a fifty day moving average of $9.02 and a two-hundred day moving average of $8.12. Similarweb has a twelve month low of $4.58 and a twelve month high of $11.88.

Hedge Funds Weigh In On Similarweb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Similarweb in the 3rd quarter worth approximately $75,000. ANTIPODES PARTNERS Ltd grew its holdings 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 purchasing an additional 6,376 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Similarweb during the 3rd quarter valued at $122,000. Verition Fund Management LLC bought a new position in shares of Similarweb in the third quarter valued at about $160,000. Finally, Blair William & Co. IL grew its stake in shares of Similarweb by 20.1% during the first quarter. Blair William & Co. IL now owns 21,662 shares of the company’s stock valued at $195,000 after purchasing an additional 3,621 shares during the last quarter. Institutional investors and hedge funds 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.