Similarweb Ltd. (NYSE:SMWB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Similarweb Ltd. (NYSE:SMWB) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.0833.

SMWB has been the subject of several research reports. The Goldman Sachs Group lowered shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price objective for the company. in a research report on Tuesday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of Similarweb in a research note on Monday, November 17th. Citigroup restated a “market outperform” rating on shares of Similarweb in a research report on Monday, December 15th. Barclays cut their price objective on Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, Oppenheimer decreased their target price on Similarweb from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th.

Institutional Trading of Similarweb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Phoenix Financial Ltd. boosted its holdings in shares of Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after buying an additional 1,292,700 shares during the period. Menora Mivtachim Holdings LTD. boosted its stake in Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after purchasing an additional 881,652 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Similarweb by 3.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock worth $28,887,000 after purchasing an additional 100,000 shares in the last quarter. Wellington Management Group LLP raised its stake in Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after purchasing an additional 1,525,230 shares during the period. Finally, Penn Capital Management Company LLC raised its stake in Similarweb by 299.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after purchasing an additional 1,233,928 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Performance

SMWB opened at $3.98 on Friday. The company has a market capitalization of $337.87 million, a PE ratio of -10.76 and a beta of 1.09. The stock’s fifty day moving average is $6.31 and its 200-day moving average is $7.87. Similarweb has a one year low of $3.66 and a one year high of $11.05.

About Similarweb

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.