Similarweb Ltd. (NYSE:SMWB) Short Interest Down 29.2% in December

Similarweb Ltd. (NYSE:SMWB) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 569,708 shares, a decline of 29.2% from the November 30th total of 804,959 shares. Based on an average daily volume of 337,787 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 337,787 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Similarweb

A number of institutional investors have recently bought and sold shares of SMWB. Wellington Management Group LLP grew its holdings in shares of Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after purchasing an additional 1,525,230 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in shares of Similarweb by 299.4% in the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after purchasing an additional 1,233,928 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its position in Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after purchasing an additional 881,652 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Similarweb during the 3rd quarter worth $7,903,000. Finally, CenterBook Partners LP lifted its holdings in Similarweb by 78.5% during the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock worth $11,304,000 after buying an additional 634,114 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SMWB has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Similarweb in a research report on Monday, November 17th. Oppenheimer decreased their price target on Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Wall Street Zen upgraded Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 22nd. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Similarweb Price Performance

Shares of NYSE SMWB traded up $0.13 during mid-day trading on Monday, reaching $7.27. The company had a trading volume of 272,557 shares, compared to its average volume of 318,174. The stock has a fifty day moving average of $7.86 and a two-hundred day moving average of $8.45. Similarweb has a 12-month low of $6.36 and a 12-month high of $17.64.

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