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

Similarweb Ltd. (NYSE:SMWB) has earned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.0714.

Several research analysts have recently weighed in on SMWB shares. Barclays decreased their target price on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Oppenheimer upped their price objective on shares of Similarweb from $4.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Finally, Citigroup raised their target price on Similarweb from $3.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th.

Insider Transactions at Similarweb

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

Institutional Investors Weigh In On Similarweb

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new position in Similarweb in the 3rd quarter valued at about $25,000. Wexford Capital LP acquired a new position in Similarweb during the 3rd quarter valued at about $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb during the 4th quarter worth about $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb in the 4th quarter worth approximately $90,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Similarweb in the 2nd quarter worth approximately $146,000. 57.59% of the stock is currently owned by institutional investors.

Similarweb Trading Down 6.9%

SMWB stock opened at $6.63 on Wednesday. The stock has a 50-day moving average price of $4.71 and a two-hundred day moving average price of $4.26. Similarweb has a 12-month low of $2.22 and a 12-month high of $10.75. The company has a market cap of $581.23 million, a PE ratio of -18.96 and a beta of 1.17.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The company had revenue of $73.88 million during the quarter, compared to the consensus estimate of $73.04 million. Equities analysts forecast that Similarweb will post -0.08 EPS for the current fiscal year.

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.