Similarweb Ltd. (NYSE:SMWB – Get Rating) reached a new 52-week low on Friday . The company traded as low as $7.01 and last traded at $7.14, with a volume of 2480 shares changing hands. The stock had previously closed at $7.71.
Analysts Set New Price Targets
SMWB has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on Similarweb in a report on Tuesday, May 24th. They set an “overweight” rating and a $17.00 price objective on the stock. Barclays decreased their price objective on Similarweb from $22.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th.
Similarweb Stock Down 5.7 %
The business’s 50 day moving average price is $8.55 and its 200-day moving average price is $10.17.
Institutional Inflows and Outflows
Similarweb Company Profile
Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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 solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.
- Get a free copy of the StockNews.com research report on Similarweb (SMWB)
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