Similarweb (NYSE:SMWB) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Similarweb (NYSE:SMWB) in a report issued on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $16.00 price objective on the stock.

A number of other research firms have also weighed in on SMWB. JMP Securities raised their target price on Similarweb from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. William Blair reiterated an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Northland Securities lifted their price target on Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Citigroup lifted their price target on Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Northland Capmk upgraded Similarweb to a “strong-buy” rating in a report on Tuesday, September 10th. Nine 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 has a consensus rating of “Buy” and a consensus price target of $13.50.

Similarweb Stock Down 1.7 %

SMWB stock opened at $12.78 on Wednesday. Similarweb has a twelve month low of $4.91 and a twelve month high of $13.52. The stock’s 50 day moving average is $10.60 and its 200-day moving average is $8.83. The firm has a market capitalization of $1.03 billion, a PE ratio of -116.18 and a beta of 1.03.

Institutional Trading of Similarweb

A number of large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Similarweb in the third quarter valued at $70,000. Quantbot Technologies LP purchased a new position in shares of Similarweb in the third quarter valued at $75,000. ANTIPODES PARTNERS Ltd grew its position in shares of 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 purchasing an additional 6,376 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Similarweb in the third quarter valued at $122,000. Finally, Barclays PLC grew its position in shares of Similarweb by 201.0% in the third quarter. Barclays PLC now owns 15,414 shares of the company’s stock valued at $136,000 after purchasing an additional 10,293 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

About Similarweb

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.