Similarweb (NYSE:SMWB) Stock Rating Upgraded by Wall Street Zen

Similarweb (NYSE:SMWB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a report on Monday. Oppenheimer reduced their target price on shares of Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup restated a “market outperform” rating on shares of Similarweb in a research note on Monday. Jefferies Financial Group reiterated a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a research note on Friday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of Similarweb in a report on Monday, November 17th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Similarweb presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

Similarweb Trading Down 3.2%

SMWB stock opened at $6.97 on Friday. The stock has a market cap of $591.54 million, a P/E ratio of -18.84 and a beta of 1.09. The stock’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $8.47. Similarweb has a 1-year low of $6.36 and a 1-year high of $17.64.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, November 11th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $71.79 million for the quarter, compared to analysts’ expectations of $71.95 million. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%. As a group, analysts forecast that Similarweb will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Several institutional investors have recently made changes to their positions in SMWB. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Similarweb by 8.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after acquiring an additional 1,344 shares during the period. Larson Financial Group LLC purchased a new stake in Similarweb during the 3rd quarter worth about $25,000. PDT Partners LLC boosted its stake in Similarweb by 3.9% in the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after purchasing an additional 3,717 shares during the period. Lazard Asset Management LLC boosted its stake in Similarweb by 31.9% in the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock worth $184,000 after purchasing an additional 4,777 shares during the period. Finally, Legal & General Group Plc grew its holdings in Similarweb by 13.7% during the 3rd quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after buying an additional 5,235 shares in the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Company Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.