Similarweb Ltd. $SMWB Position Lowered by Alpha Family Trust

Alpha Family Trust lowered its position in Similarweb Ltd. (NYSE:SMWB) by 22.6% in the third quarter, HoldingsChannel reports. The firm owned 658,935 shares of the company’s stock after selling 192,734 shares during the period. Similarweb makes up about 2.9% of Alpha Family Trust’s portfolio, making the stock its 9th biggest holding. Alpha Family Trust’s holdings in Similarweb were worth $6,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in shares of Similarweb during the third quarter worth about $7,903,000. First Eagle Investment Management LLC purchased a new position in Similarweb during the 2nd quarter worth approximately $1,329,000. Jefferies Financial Group Inc. acquired a new position in Similarweb during the second quarter worth approximately $282,000. SG Americas Securities LLC purchased a new stake in Similarweb in the second quarter valued at approximately $255,000. Finally, CenterBook Partners LP lifted its stake in Similarweb by 78.5% in the second quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock valued at $11,304,000 after buying an additional 634,114 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Price Performance

Shares of NYSE SMWB opened at $2.71 on Thursday. The firm’s 50-day moving average is $5.15 and its two-hundred day moving average is $7.42. The company has a market capitalization of $235.23 million, a PE ratio of -6.94 and a beta of 1.17. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%.The firm had revenue of $72.76 million during the quarter, compared to the consensus estimate of $76.45 million. On average, analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $11.00 price target on shares of Similarweb in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. The Goldman Sachs Group cut 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. William Blair downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Similarweb has an average rating of “Hold” and an average target price of $8.14.

Similarweb 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.