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

Shares of Similarweb Ltd. (NYSE:SMWB) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.0714.

SMWB has been the subject of a number of research reports. Needham & Company LLC cut Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Oppenheimer reduced their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Barclays reduced their price objective on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th.

Similarweb Price Performance

NYSE:SMWB opened at $4.37 on Friday. Similarweb has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The stock’s 50-day moving average is $3.30 and its two-hundred day moving average is $4.54. The stock has a market cap of $382.37 million, a PE ratio of -12.47 and a beta of 1.25.

Similarweb (NYSE:SMWB) last released its earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. On average, equities research analysts anticipate that Similarweb will post -0.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Harel Moshe Beit-On purchased 75,000 shares of Similarweb stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $3.89 per share, with a total value of $291,750.00. Following the completion of the transaction, the director directly owned 10,885,778 shares of the company’s stock, valued at approximately $42,345,676.42. This represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Or Offer purchased 50,000 shares of Similarweb stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $4.15 per share, with a total value of $207,500.00. Following the transaction, the chief executive officer directly owned 4,744,396 shares of the company’s stock, valued at approximately $19,689,243.40. The trade was a 1.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 271,105 shares of company stock worth $1,020,726 over the last ninety days. 62.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Similarweb

A number of institutional investors and hedge funds have recently made changes to their positions in SMWB. Jump Financial LLC acquired a new stake in shares of Similarweb in the second quarter worth about $1,457,000. Federated Hermes Inc. lifted its position in shares of Similarweb by 52.4% in the second quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock worth $376,000 after buying an additional 16,500 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Similarweb in the second quarter worth about $878,000. Nebula Research & Development LLC acquired a new stake in shares of Similarweb in the second quarter worth about $146,000. Finally, California State Teachers Retirement System lifted its position in shares of Similarweb by 29.7% in the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock worth $389,000 after buying an additional 11,356 shares during the last quarter. Institutional investors and hedge funds 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.