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

Shares of Similarweb Ltd. (NYSE:SMWB) have received an average rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.50.

SMWB has been the topic of several analyst reports. Barclays reduced their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Finally, Oppenheimer increased their price objective on shares of Similarweb from $4.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th.

Similarweb Price Performance

Shares of NYSE:SMWB opened at $6.40 on Wednesday. The company has a market capitalization of $560.64 million, a P/E ratio of -18.29 and a beta of 1.17. Similarweb has a 1 year low of $2.22 and a 1 year high of $10.75. The business’s 50 day simple moving average is $4.32 and its 200 day simple moving average is $4.27.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $73.88 million during 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, sell-side analysts anticipate that Similarweb will post -0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Barak Eilam acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $3.86 per share, with a total value of $193,000.00. Following the completion of the purchase, the director directly owned 101,315 shares of the company’s stock, valued at $391,075.90. The trade was a 97.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tamar Rapaport-Dagim acquired 40,000 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the transaction, the director owned 63,584 shares of the company’s stock, valued at approximately $204,740.48. This represents a 169.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 271,105 shares of company stock worth $1,020,726.

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently modified their holdings of SMWB. Larson Financial Group LLC acquired a new stake in Similarweb in the third quarter valued at about $25,000. Wexford Capital LP acquired a new position in Similarweb during the third quarter worth about $64,000. Brooklyn Investment Group bought a new position in shares of Similarweb in the fourth quarter worth about $85,000. Boothbay Fund Management LLC bought a new position in shares of Similarweb in the fourth quarter worth about $90,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Similarweb in the 2nd quarter valued at approximately $146,000. 57.59% of the stock is currently owned by institutional investors.

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.