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

Shares of Similarweb Ltd. (NYSE:SMWB) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.50.

A number of brokerages have recently commented on SMWB. Barclays lowered their price objective on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Oppenheimer upped their price target on Similarweb from $4.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Citigroup downgraded Similarweb from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.50 to $3.00 in a report on Friday, April 10th.

Similarweb Stock Performance

Shares of Similarweb stock opened at $5.01 on Friday. Similarweb has a one year low of $2.22 and a one year high of $10.75. The company has a market cap of $438.70 million, a PE ratio of -14.31 and a beta of 1.25. The business has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $4.44.

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

Insiders Place Their Bets

In other Similarweb news, Director Barak Eilam purchased 50,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $3.86 per share, with a total value of $193,000.00. Following the completion of the acquisition, the director directly owned 101,315 shares of the company’s stock, valued at $391,075.90. This trade represents a 97.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Or Offer purchased 53,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $3.58 per share, with a total value of $189,740.00. Following the completion of the acquisition, the chief executive officer directly owned 4,694,396 shares of the company’s stock, valued at $16,805,937.68. This represents a 1.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 271,105 shares of company stock valued at $1,020,726. 62.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Similarweb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new stake 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 shares of Similarweb in the fourth quarter valued at approximately $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb in the fourth quarter valued at approximately $90,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Similarweb in the second quarter valued at approximately $146,000. 57.59% of the stock is owned by institutional investors and hedge funds.

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.