Similarweb Ltd. (NYSE:SMWB) Short Interest Update

Similarweb Ltd. (NYSE:SMWB) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 478,421 shares, a decline of 22.3% from the January 29th total of 615,619 shares. Based on an average daily volume of 959,611 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 959,611 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group reissued a “buy” rating and set a $11.00 target price on shares of Similarweb in a research note on Friday, November 14th. Oppenheimer decreased their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Citigroup cut their target price on shares of Similarweb from $11.00 to $8.50 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.14.

Institutional Trading of Similarweb

A number of hedge funds have recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in Similarweb during the third quarter valued at $25,000. Wexford Capital LP bought a new position in shares of Similarweb in the 3rd quarter valued at approximately $64,000. Brooklyn Investment Group acquired a new stake in Similarweb in the 4th quarter worth approximately $85,000. Boothbay Fund Management LLC bought a new stake in Similarweb during the fourth quarter worth approximately $90,000. Finally, Fox Run Management L.L.C. acquired a new position in Similarweb during the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Trading Up 0.7%

Shares of SMWB stock opened at $2.61 on Monday. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The company has a market capitalization of $221.34 million, a PE ratio of -6.60 and a beta of 1.17. The firm has a fifty day simple moving average of $5.41 and a 200-day simple moving average of $7.53.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%.The firm had revenue of $72.76 million for the quarter, compared to analysts’ expectations of $76.45 million. Equities research analysts predict that Similarweb will post -0.24 EPS 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.