William Blair Reiterates Outperform Rating for Similarweb (NYSE:SMWB)

Similarweb (NYSE:SMWB)‘s stock had its “outperform” rating restated by equities researchers at William Blair in a research note issued to investors on Thursday,RTT News reports.

Several other equities analysts have also issued reports on the company. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th. The Goldman Sachs Group assumed coverage on shares of Similarweb in a research report on Wednesday, December 11th. They set a “buy” rating and a $16.00 target price on the stock. Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Citigroup lifted their price objective on Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Northland Securities increased their target price on Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $13.50.

Similarweb Stock Up 1.0 %

Shares of SMWB stock traded up $0.13 during trading hours on Thursday, reaching $13.80. 160,229 shares of the company’s stock were exchanged, compared to its average volume of 238,379. The business has a fifty day moving average price of $10.89 and a 200-day moving average price of $8.96. The stock has a market capitalization of $1.12 billion, a P/E ratio of -125.45 and a beta of 1.03. Similarweb has a fifty-two week low of $4.96 and a fifty-two week high of $14.19.

Institutional Investors Weigh In On Similarweb

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Similarweb during the third quarter worth approximately $70,000. Quantbot Technologies LP acquired a new position in shares of Similarweb during the third quarter valued at $75,000. ANTIPODES PARTNERS Ltd boosted its holdings in Similarweb by 122.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock valued at $90,000 after acquiring an additional 6,376 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Similarweb in the third quarter worth about $122,000. Finally, Barclays PLC raised its holdings in Similarweb by 201.0% during the 3rd quarter. Barclays PLC now owns 15,414 shares of the company’s stock worth $136,000 after purchasing an additional 10,293 shares during the last quarter. 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.