Similarweb Ltd. (NYSE:SMWB) Short Interest Down 25.2% in March

Similarweb Ltd. (NYSE:SMWB) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 753,425 shares, a drop of 25.2% from the February 26th total of 1,007,583 shares. Based on an average trading volume of 543,859 shares, the short-interest ratio is presently 1.4 days. Approximately 0.9% of the company’s shares are short sold.

Similarweb Stock Down 5.2%

Similarweb stock traded down $0.14 during mid-day trading on Friday, hitting $2.53. 402,213 shares of the company were exchanged, compared to its average volume of 584,839. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The business has a fifty day moving average of $3.68 and a 200 day moving average of $6.60. The company has a market capitalization of $220.01 million, a PE ratio of -6.49 and a beta of 1.17.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. The business had revenue of $72.76 million for the quarter, compared to the consensus estimate of $76.45 million. Research analysts expect that Similarweb will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMWB has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. William Blair downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Citigroup cut their target price on shares of Similarweb from $11.00 to $8.50 and set a “buy” rating for the company in a research report on Friday, February 20th. Needham & Company LLC cut shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Citizens Jmp downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund bought a new position in shares of Similarweb during the 3rd quarter worth approximately $7,903,000. Royce & Associates LP acquired a new position in Similarweb during the third quarter worth $4,597,000. First Eagle Investment Management LLC grew its position in Similarweb by 221.5% in the third quarter. First Eagle Investment Management LLC now owns 545,001 shares of the company’s stock valued at $5,069,000 after purchasing an additional 375,496 shares in the last quarter. Portolan Capital Management LLC increased its stake in Similarweb by 62.0% in the 3rd quarter. Portolan Capital Management LLC now owns 1,179,000 shares of the company’s stock valued at $10,965,000 after buying an additional 451,408 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Similarweb during the 2nd quarter worth about $282,000. Institutional investors own 57.59% of the company’s stock.

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.