Similarweb (NYSE:SMWB) Director Harel Moshe Beit-On Purchases 75,000 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) Director Harel Moshe Beit-On acquired 75,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $3.89 per share, with a total value of $291,750.00. Following the completion of the purchase, the director owned 10,885,778 shares in the company, 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 legal filing with the SEC, which can be accessed through this hyperlink.

Similarweb Stock Performance

SMWB stock opened at $3.80 on Friday. The stock’s 50 day moving average price is $2.81 and its 200 day moving average price is $4.93. The firm has a market cap of $332.44 million, a P/E ratio of -10.84 and a beta of 1.11. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75.

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

Analyst Ratings Changes

SMWB has been the topic of several analyst reports. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.50 to $3.00 in a research note on Friday, April 10th. Needham & Company LLC lowered Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. William Blair downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Barclays reduced their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.07.

Institutional Trading of Similarweb

Several institutional investors have recently made changes to their positions in SMWB. Larson Financial Group LLC purchased a new position in shares of Similarweb in the 3rd quarter worth $25,000. Wexford Capital LP purchased a new stake in Similarweb during the third quarter valued at about $64,000. Brooklyn Investment Group acquired a new stake in Similarweb during the fourth quarter worth about $85,000. Boothbay Fund Management LLC purchased a new position in shares of Similarweb in the 4th quarter worth about $90,000. Finally, Fullcircle Wealth LLC acquired a new position in shares of Similarweb in the 3rd quarter valued at about $140,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

About Similarweb

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.