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

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

SMWB has been the topic of several other reports. Needham & Company LLC upped their price objective on shares of Similarweb from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday. William Blair restated an “outperform” rating on shares of Similarweb in a research report on Monday, September 9th. Northland Securities started coverage on shares of Similarweb in a research report on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 price objective on the stock. Northland Capmk upgraded shares of Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Finally, Barclays increased their price target on shares of Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $12.86.

Similarweb Trading Down 2.9 %

SMWB stock opened at $11.51 on Thursday. The company’s 50 day moving average is $9.07 and its 200 day moving average is $8.16. The stock has a market cap of $931.39 million, a price-to-earnings ratio of -104.64 and a beta of 0.84. Similarweb has a 1-year low of $4.58 and a 1-year high of $11.95.

Institutional Investors Weigh In On Similarweb

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Similarweb during the 1st quarter valued at about $2,820,000. Acadian Asset Management LLC lifted its position in shares of Similarweb by 3,663.6% during the 1st quarter. Acadian Asset Management LLC now owns 275,417 shares of the company’s stock valued at $2,468,000 after buying an additional 268,099 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Similarweb during the 3rd quarter valued at about $886,000. Scalar Gauge Management LLC lifted its position in shares of Similarweb by 56.8% during the 2nd quarter. Scalar Gauge Management LLC now owns 593,923 shares of the company’s stock valued at $4,615,000 after buying an additional 215,221 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Similarweb by 4.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company’s stock valued at $398,000 after buying an additional 2,138 shares in the last quarter. 57.59% of the stock is currently 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.