Similarweb’s (SMWB) Outperform Rating Reaffirmed at William Blair

William Blair reaffirmed their outperform rating on shares of Similarweb (NYSE:SMWB) in a research report released on Thursday morning,RTT News reports.

SMWB has been the subject of a number of other research reports. Northland Capmk upgraded Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on shares of Similarweb in a report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price target for the company. Citigroup boosted their price objective on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. Finally, Northland Securities lifted their target price on shares of Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $13.50.

Similarweb Stock Performance

Shares of NYSE:SMWB opened at $14.07 on Thursday. The business’s fifty day moving average price is $11.00 and its two-hundred day moving average price is $8.99. The stock has a market cap of $1.14 billion, a PE ratio of -127.91 and a beta of 1.03. Similarweb has a one year low of $4.96 and a one year high of $14.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legato Capital Management LLC raised its holdings in Similarweb by 4.5% in the second quarter. Legato Capital Management LLC now owns 102,987 shares of the company’s stock valued at $800,000 after buying an additional 4,455 shares during the period. ANTIPODES PARTNERS Ltd lifted its position in Similarweb by 122.5% during the 2nd 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. Ceera Investments LLC lifted its position in shares of 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 purchasing an additional 71,994 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Similarweb by 60.8% in the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after buying an additional 167,500 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds 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.