Similarweb (NYSE:SMWB) Sets New 1-Year Low at $7.01

Similarweb Ltd. (NYSE:SMWBGet 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

Institutional investors have recently modified their holdings of the company. Blair William & Co. IL bought a new position in shares of Similarweb in the fourth quarter valued at approximately $5,523,000. Arena Capital Advisors LLC CA raised its position in Similarweb by 63.7% in the 1st quarter. Arena Capital Advisors LLC CA now owns 98,235 shares of the company’s stock worth $1,272,000 after purchasing an additional 38,235 shares during the last quarter. Premier Fund Managers Ltd bought a new position in Similarweb in the 1st quarter worth approximately $4,527,000. Meitav Dash Investments Ltd. raised its position in Similarweb by 70.1% in the 1st quarter. Meitav Dash Investments Ltd. now owns 550,821 shares of the company’s stock worth $7,086,000 after purchasing an additional 227,059 shares during the last quarter. Finally, Ulysses Management LLC bought a new position in Similarweb in the 4th quarter worth approximately $26,477,000. Institutional investors own 36.86% of the company’s stock.

Similarweb Company Profile

(Get Rating)

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.

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