Similarweb (NYSE:SMWB) Shares Up 11.5% – What’s Next?

Similarweb Ltd. (NYSE:SMWB)’s stock price was up 11.5% on Monday . The stock traded as high as $6.09 and last traded at $6.2450. 651,400 shares were traded during trading, a decline of 24% from the average daily volume of 859,674 shares. The stock had previously closed at $5.60.

Analysts Set New Price Targets

SMWB has been the topic of a number of research reports. Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $8.50 to $3.00 in a research report on Friday, April 10th. Barclays decreased their price target on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Finally, Oppenheimer boosted their price target on shares of Similarweb from $4.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.50.

Similarweb Stock Up 4.0%

The company has a market capitalization of $558.36 million, a price-to-earnings ratio of -17.92 and a beta of 1.25. The business has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $4.31.

Similarweb (NYSE:SMWB) last issued its earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. As a group, equities analysts predict that Similarweb Ltd. will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Similarweb

In related news, Director Barak Eilam bought 50,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the purchase, the director owned 101,315 shares of the company’s stock, valued at $391,075.90. This represents a 97.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Harel Moshe Beit-On purchased 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the transaction, the director directly owned 10,885,778 shares in the company, valued at $42,345,676.42. This trade represents a 0.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 271,105 shares of company stock worth $1,020,726 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in shares of Similarweb in the third quarter valued at approximately $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb in the third quarter valued at approximately $64,000. Brooklyn Investment Group acquired a new stake in Similarweb during the fourth quarter worth approximately $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb during the 4th quarter worth $90,000. Finally, Nebula Research & Development LLC bought a new position in shares of Similarweb in the 2nd quarter valued at $146,000. Institutional investors own 57.59% of the company’s stock.

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.