Similarweb (NYSE:SMWB) Price Target Raised to $10.00 at Barclays

Similarweb (NYSE:SMWB) had its target price lifted by Barclays from $9.00 to $10.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Cantor Fitzgerald reaffirmed an overweight rating and issued a $10.00 price objective on shares of Similarweb in a research note on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Similarweb currently has an average rating of Buy and an average price target of $10.80.

Similarweb Stock Down 1.5 %

NYSE SMWB traded down $0.12 on Thursday, hitting $7.80. The company’s stock had a trading volume of 183,640 shares, compared to its average volume of 163,815. Similarweb has a 1-year low of $4.58 and a 1-year high of $9.76. The company’s 50-day moving average is $7.21 and its 200 day moving average is $7.67. The firm has a market cap of $613.48 million, a PE ratio of -31.20 and a beta of 0.76.

Institutional Investors Weigh In On Similarweb

A number of institutional investors have recently modified their holdings of SMWB. Renaissance Technologies LLC boosted its stake in Similarweb by 4.3% during the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the company’s stock worth $859,000 after acquiring an additional 4,599 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Similarweb by 60.8% during the second quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after acquiring an additional 167,500 shares in the last quarter. Ceera Investments LLC boosted its stake in Similarweb by 38.3% during the second quarter. Ceera Investments LLC now owns 259,827 shares of the company’s stock worth $2,019,000 after acquiring an additional 71,994 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in Similarweb by 122.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after acquiring an additional 6,376 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in Similarweb by 4.5% during the second quarter. Legato Capital Management LLC now owns 102,987 shares of the company’s stock worth $800,000 after acquiring an additional 4,455 shares in the last quarter. 57.59% of the stock is owned by institutional investors.

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.