Similarweb Ltd. (NYSE:SMWB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB) have been given an average recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $8.1429.

SMWB has been the subject of several analyst reports. Barclays set a $7.00 target price on shares of Similarweb in a report on Thursday, February 19th. Oppenheimer reduced their price objective on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Citizens Jmp lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Needham & Company LLC cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, William Blair downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th.

Institutional Trading of Similarweb

A number of hedge funds have recently bought and sold shares of SMWB. Larson Financial Group LLC bought a new position in Similarweb in the 3rd quarter valued at $25,000. New York State Common Retirement Fund raised its stake in shares of Similarweb by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after purchasing an additional 3,170 shares during the period. PDT Partners LLC boosted its holdings in shares of 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 buying an additional 3,717 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of 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 buying an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Similarweb by 13.7% during the third 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 during the period. 57.59% of the stock is currently owned by institutional investors.

Similarweb Trading Up 0.4%

Shares of Similarweb stock opened at $2.53 on Monday. The company has a market capitalization of $220.01 million, a P/E ratio of -6.49 and a beta of 1.17. The stock has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $6.58. Similarweb 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 for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $72.76 million for the quarter, compared to analysts’ expectations of $76.45 million. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%. On average, analysts predict that Similarweb will post -0.24 EPS for the current year.

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.