Similarweb Ltd. (NYSE:SMWB) Short Interest Down 37.8% in May

Similarweb Ltd. (NYSE:SMWB) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 444,701 shares, a decline of 37.8% from the May 14th total of 714,388 shares. Based on an average trading volume of 867,303 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

Similarweb Stock Down 1.7%

Shares of SMWB stock traded down $0.09 during trading hours on Wednesday, hitting $4.96. 224,764 shares of the company’s stock were exchanged, compared to its average volume of 849,187. The firm has a market cap of $434.85 million, a P/E ratio of -14.20 and a beta of 1.25. The firm has a 50 day moving average of $3.40 and a two-hundred day moving average of $4.48. Similarweb has a fifty-two week low of $2.22 and a fifty-two week high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS 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 firm had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. On average, equities analysts forecast that Similarweb will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

SMWB has been the subject of several research analyst reports. Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Citizens Jmp downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Needham & Company LLC downgraded 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 note on Wednesday, February 18th. Finally, Northland Securities downgraded 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. Three research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.07.

Insider Buying and Selling

In related news, Director Tamar Rapaport-Dagim purchased 40,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $3.22 per share, with a total value of $128,800.00. Following the completion of the acquisition, the director owned 63,584 shares of the company’s stock, valued at $204,740.48. The trade was a 169.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Harel Moshe Beit-On purchased 75,000 shares of the firm’s stock in a transaction 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 acquisition, the director directly owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. This trade represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 271,105 shares of company stock valued at $1,020,726.

Institutional Trading of Similarweb

Several large investors have recently made changes to their positions in SMWB. Larson Financial Group LLC purchased a new stake in shares of Similarweb during the third quarter worth approximately $25,000. Wexford Capital LP purchased a new stake in shares of Similarweb during the third quarter worth approximately $64,000. Brooklyn Investment Group purchased a new stake in shares of Similarweb during the fourth quarter worth approximately $85,000. Boothbay Fund Management LLC purchased a new stake in shares of Similarweb during the fourth quarter worth approximately $90,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of Similarweb during the second quarter worth approximately $146,000. 57.59% of the stock is currently owned by hedge funds and other 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.