Weekly Analysts’ Ratings Changes for Similarweb (SMWB)

Similarweb (NYSE: SMWB) recently received a number of ratings updates from brokerages and research firms:

• 12/11/2024 – Similarweb had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $17.00 price target on the stock.
• 12/11/2024 – Similarweb is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $16.00 price target on the stock.
• 12/11/2024 – Similarweb had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $14.00 price target on the stock.
• 11/26/2024 – Similarweb had its price target raised by analysts at Northland Securities from $15.00 to $17.00. They now have an “outperform” rating on the stock.
• 11/14/2024 – Similarweb had its price target raised by analysts at JMP Securities from $16.00 to $17.00. They now have a “market outperform” rating on the stock.
• 11/14/2024 – Similarweb had its price target raised by analysts at Citigroup Inc. from $10.00 to $14.00. They now have a “buy” rating on the stock.
• 11/14/2024 – Similarweb had its price target raised by analysts at Needham & Company LLC from $11.00 to $14.00. They now have a “buy” rating on the stock.
• 10/21/2024 – Similarweb is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $11.00 price target on the stock.

Similarweb Stock Performance

Similarweb stock opened at $13.17 on Tuesday. Similarweb Ltd. has a fifty-two week low of $4.93 and a fifty-two week high of $13.52. The firm’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $8.88. The stock has a market cap of $1.07 billion, a PE ratio of -119.73 and a beta of 1.03.

Hedge Funds Weigh In On Similarweb

Hedge funds and other institutional investors have recently modified their holdings of the business. Scalar Gauge Management LLC increased its position in shares of Similarweb by 45.5% during the third quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock valued at $7,637,000 after acquiring an additional 270,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock valued at $3,977,000 after purchasing an additional 238,428 shares during the period. Acadian Asset Management LLC increased its position in shares of Similarweb by 60.8% during the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock valued at $3,427,000 after purchasing an additional 167,500 shares during the last quarter. P.A.W. Capital Corp bought a new stake in shares of Similarweb during the 3rd quarter worth $3,536,000. Finally, Walleye Capital LLC boosted its holdings in shares of Similarweb by 115.9% in the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after buying an additional 190,380 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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.