Similarweb (NYSE:SMWB) CEO Purchases $189,740.00 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer bought 53,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $3.58 per share, with a total value of $189,740.00. Following the acquisition, the chief executive officer directly owned 4,694,396 shares in the company, valued at approximately $16,805,937.68. This trade represents a 1.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Or Offer also recently made the following trade(s):

• On Monday, May 18th, Or Offer acquired 3,105 shares of Similarweb stock. The stock was purchased at an average cost of $3.20 per share, with a total value of $9,936.00.

Similarweb Stock Up 0.9%

Shares of SMWB traded up $0.03 during mid-day trading on Wednesday, reaching $3.71. 394,132 shares of the stock traded hands, compared to its average volume of 840,142. The stock has a fifty day simple moving average of $2.77 and a 200 day simple moving average of $5.00. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75. The firm has a market cap of $325.26 million, a price-to-earnings ratio of -10.56 and a beta of 1.11.

Similarweb (NYSE:SMWB) last posted its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The business had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. On average, equities research analysts expect that Similarweb Ltd. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on SMWB shares. Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and reduced their target price for the company from $8.50 to $3.00 in a research note on Friday, April 10th. Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price for the company. in a research note on Wednesday, February 18th. Needham & Company LLC cut Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Similarweb currently has an average rating of “Hold” and an average price target of $7.07.

Hedge Funds Weigh In On Similarweb

Several large investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC acquired a new position in shares of Similarweb during the third quarter valued at $25,000. Wexford Capital LP acquired a new position in Similarweb during the third quarter worth about $64,000. Brooklyn Investment Group acquired a new position in Similarweb during the fourth quarter worth about $85,000. Boothbay Fund Management LLC acquired a new position in Similarweb during the fourth quarter worth about $90,000. Finally, Fullcircle Wealth LLC acquired a new position in Similarweb during the third quarter worth about $140,000. 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.