Similarweb (NYSE:SMWB) Releases Earnings Results, Misses Expectations By $0.05 EPS

Similarweb (NYSE:SMWB) posted its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05), Zacks reports. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%.

Similarweb Stock Performance

Shares of NYSE:SMWB remained flat at $3.98 on Tuesday. The stock had a trading volume of 2,368,821 shares, compared to its average volume of 602,614. The business has a 50 day moving average price of $6.24 and a 200 day moving average price of $7.83. The company has a market capitalization of $337.78 million, a P/E ratio of -10.76 and a beta of 1.09. Similarweb has a 1 year low of $3.66 and a 1 year high of $10.84.

Institutional Investors Weigh In On Similarweb

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC lifted its position in Similarweb by 66.4% in the 2nd quarter. Tidal Investments LLC now owns 61,574 shares of the company’s stock valued at $483,000 after acquiring an additional 24,568 shares in the last quarter. PDT Partners LLC increased its holdings in shares of Similarweb by 3.9% in the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after purchasing an additional 3,717 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Similarweb by 375.8% in the second quarter. Engineers Gate Manager LP now owns 102,311 shares of the company’s stock worth $802,000 after purchasing an additional 80,808 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Similarweb during the second quarter valued at $878,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Similarweb by 100.6% during the third quarter. Russell Investments Group Ltd. now owns 151,635 shares of the company’s stock valued at $1,410,000 after buying an additional 76,032 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Analysts Set New Price Targets

SMWB has been the subject of a number of recent analyst reports. Oppenheimer decreased their target price on Similarweb from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Citigroup restated a “market outperform” rating on shares of Similarweb in a report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target on shares of Similarweb in a research note on Monday, November 17th. Finally, Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.08.

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.