Similarweb Ltd. (NYSE:SMWB) Receives Average Rating of “Moderate Buy” from Brokerages

Similarweb Ltd. (NYSE:SMWB) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $11.0714.

A number of research firms have recently weighed in on SMWB. Oppenheimer dropped their target price on Similarweb from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of Similarweb in a research note on Monday, November 17th. Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, The Goldman Sachs Group downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 target price for the company. in a report on Tuesday, January 13th.

Similarweb Price Performance

NYSE:SMWB opened at $4.69 on Friday. Similarweb has a one year low of $4.10 and a one year high of $17.64. The company has a market cap of $398.04 million, a PE ratio of -12.68 and a beta of 1.09. The firm has a 50-day moving average of $6.65 and a 200-day moving average of $8.03.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $71.79 million for the quarter, compared to analysts’ expectations of $71.95 million. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. On average, equities research analysts expect that Similarweb will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Several hedge funds have recently modified their holdings of SMWB. ANTIPODES PARTNERS Ltd grew 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 valued at $137,000 after acquiring an additional 1,344 shares in the last quarter. Larson Financial Group LLC bought a new stake in Similarweb during the third quarter worth $25,000. PDT Partners LLC boosted its position in Similarweb by 3.9% in the second 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 last quarter. Lazard Asset Management LLC grew 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 valued at $184,000 after purchasing an additional 4,777 shares during the period. Finally, Legal & General Group Plc increased its position in shares of 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 purchasing an additional 5,235 shares during the last quarter. 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.