202,727 Shares in Similarweb Ltd. $SMWB Bought by Lavelle Capital LP

Lavelle Capital LP acquired a new stake in Similarweb Ltd. (NYSE:SMWB) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 202,727 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in Similarweb during the third quarter worth about $25,000. Wexford Capital LP acquired a new position in shares of Similarweb during the 3rd quarter worth about $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb in the 4th quarter valued at about $85,000. Boothbay Fund Management LLC bought a new stake in shares of Similarweb in the 4th quarter valued at about $90,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Similarweb in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Insider Activity at Similarweb

In related news, Director Harel Moshe Beit-On acquired 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the acquisition, the director directly owned 10,885,778 shares in the company, valued at approximately $42,345,676.42. The trade was a 0.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tamar Rapaport-Dagim acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the completion of the transaction, the director directly owned 63,584 shares in the company, valued at $204,740.48. This represents a 169.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 271,105 shares of company stock worth $1,020,726 over the last ninety days. 62.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Similarweb from $4.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Citigroup upped their target price on shares of Similarweb from $3.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Barclays cut their target price on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.07.

Similarweb Price Performance

NYSE:SMWB opened at $7.19 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 $629.76 million, a PE ratio of -20.54 and a beta of 1.17. The business’s 50-day simple moving average is $5.61 and its 200-day simple moving average is $4.24.

Similarweb (NYSE:SMWB) last posted 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%. On average, research analysts expect that Similarweb Ltd. will post -0.08 earnings per share for the current year.

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.