Similarweb Ltd. (NYSE:SMWB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB) have received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.1429.

SMWB has been the subject of a number of recent analyst reports. Northland Securities lowered Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price target for the company. in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. William Blair downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Oppenheimer reduced their price target on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th.

Similarweb Stock Performance

NYSE SMWB opened at $2.69 on Monday. The stock has a market capitalization of $233.75 million, a P/E ratio of -6.89 and a beta of 1.11. Similarweb has a 1 year low of $2.22 and a 1 year high of $10.75. The business’s fifty day moving average is $3.37 and its two-hundred day moving average is $6.32.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $72.76 million during the quarter, compared to analyst estimates of $76.45 million. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%. On average, research analysts forecast that Similarweb will post -0.24 earnings per share for the current year.

Institutional Trading of Similarweb

A number of hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new position in shares of Similarweb during the third quarter valued at $25,000. Wexford Capital LP purchased a new stake in Similarweb in the 3rd quarter worth about $64,000. Brooklyn Investment Group acquired a new stake in Similarweb during the 4th quarter worth about $85,000. Boothbay Fund Management LLC acquired a new stake in Similarweb during the 4th quarter worth about $90,000. Finally, Fullcircle Wealth LLC purchased a new position in Similarweb during the 3rd quarter valued at about $140,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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.