Similarweb (NYSE:SMWB) Director Buys $193,000.00 in Stock

Similarweb Ltd. (NYSE:SMWB) Director Barak Eilam bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $3.86 per share, with a total value of $193,000.00. Following the purchase, the director directly owned 101,315 shares of the company’s stock, valued at approximately $391,075.90. This represents a 97.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Similarweb Stock Down 0.7%

Shares of SMWB stock opened at $3.80 on Friday. Similarweb Ltd. has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The stock has a market capitalization of $332.44 million, a P/E ratio of -10.84 and a beta of 1.11. The stock has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $4.93.

Similarweb (NYSE:SMWB) last announced 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. The firm had revenue of $73.88 million during the quarter, compared to the consensus estimate of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. On average, sell-side analysts anticipate that Similarweb Ltd. will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently made changes to their positions in SMWB. Jump Financial LLC purchased a new stake in shares of Similarweb during the 2nd quarter worth about $1,457,000. Federated Hermes Inc. raised its stake in shares of Similarweb by 52.4% during the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock worth $376,000 after purchasing an additional 16,500 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Similarweb in the 2nd quarter valued at approximately $878,000. Nebula Research & Development LLC bought a new position in shares of Similarweb in the 2nd quarter valued at approximately $146,000. Finally, California State Teachers Retirement System raised its stake in shares of Similarweb by 29.7% in the 2nd 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 in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Needham & Company LLC downgraded Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Northland Securities downgraded Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price target for the company. in a research note on Wednesday, February 18th. Finally, Oppenheimer cut their price target on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.07.

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.