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

Similarweb Ltd. (NYSE:SMWB) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.0714.

A number of analysts have weighed in on SMWB shares. Oppenheimer cut their price target on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Barclays cut their price target on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and cut their price target for the company from $8.50 to $3.00 in a research note on Friday, April 10th. Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price target on the stock. in a research note on Wednesday, February 18th.

Insider Activity at Similarweb

In related news, Director Barak Eilam purchased 50,000 shares of Similarweb stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $3.86 per share, with a total value of $193,000.00. Following the completion of the transaction, the director directly owned 101,315 shares in the company, valued at approximately $391,075.90. The trade was a 97.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harel Moshe Beit-On purchased 75,000 shares of Similarweb stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $3.89 per share, with a total value of $291,750.00. Following the completion of the transaction, the director owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. The trade was a 0.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 221,105 shares of company stock valued at $813,226 in the last ninety days. 62.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Similarweb

A number of institutional investors and hedge funds have recently bought and sold shares of SMWB. Jump Financial LLC purchased a new stake in Similarweb in the second quarter valued at $1,457,000. Federated Hermes Inc. lifted its position in Similarweb by 52.4% in the second quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after acquiring an additional 16,500 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Similarweb in the second quarter valued at $878,000. Nebula Research & Development LLC purchased a new stake in Similarweb in the second quarter valued at $146,000. Finally, California State Teachers Retirement System lifted its position in Similarweb by 29.7% in the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after acquiring an additional 11,356 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Price Performance

Similarweb stock opened at $4.12 on Tuesday. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The stock has a market cap of $361.00 million, a PE ratio of -11.77 and a beta of 1.11. The stock’s fifty day moving average is $2.84 and its two-hundred day moving average is $4.93.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $73.04 million. On average, research analysts expect that Similarweb will post -0.09 earnings per share 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.