Brokerages Set Similarweb Ltd. (NYSE:SMWB) Target Price at $10.14

Shares of Similarweb Ltd. (NYSE:SMWB) have been given an average rating of “Hold” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $10.1429.

SMWB has been the subject of a number of research analyst reports. Oppenheimer raised their price objective on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen raised Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Barclays raised their price target on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Citigroup lifted their price objective on Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th.

Insiders Place Their Bets

In related news, CEO Or Offer sold 383,127 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $9.00, for a total value of $3,448,143.00. Following the sale, the chief executive officer owned 4,598,291 shares in the company, valued at approximately $41,384,619. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,092,724 shares of company stock valued at $9,702,046 in the last quarter.

Hedge Funds Weigh In On Similarweb

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

Similarweb Stock Performance

SMWB stock opened at $9.30 on Thursday. Similarweb has a one year low of $2.22 and a one year high of $10.66. The company’s fifty day moving average price is $7.23 and its 200-day moving average price is $4.65. The company has a market capitalization of $814.68 million, a PE ratio of -37.20 and a beta of 1.13.

Similarweb (NYSE:SMWB) last issued its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $77.19 million during the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%.

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.