Similarweb (NYSE:SMWB) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Similarweb (NYSE:SMWB) from a buy rating to a hold rating in a research note released on Saturday.

Other equities analysts also recently issued research reports about the company. Citigroup cut their target price on Similarweb from $11.00 to $8.50 and set a “buy” rating on the stock in a research note on Friday. Oppenheimer cut their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. William Blair cut Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group lowered shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Similarweb has an average rating of “Hold” and a consensus price target of $8.14.

Similarweb Price Performance

SMWB opened at $2.54 on Friday. Similarweb has a 1 year low of $2.22 and a 1 year high of $10.75. The company has a market capitalization of $215.15 million, a price-to-earnings ratio of -6.50 and a beta of 1.09. The firm’s fifty day moving average price is $5.77 and its two-hundred day moving average price is $7.67.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. The company had revenue of $72.76 million for the quarter, compared to analyst estimates of $76.45 million. As a group, equities analysts anticipate that Similarweb will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sphera Management Technology Funds Ltd grew its stake in Similarweb by 3.7% in the 4th quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock valued at $3,595,000 after buying an additional 17,122 shares in the last quarter. Numerai GP LLC bought a new position in shares of Similarweb in the fourth quarter worth $883,000. Boothbay Fund Management LLC purchased a new position in shares of Similarweb in the fourth quarter valued at $90,000. Jump Financial LLC raised its stake in shares of Similarweb by 37.7% during the 4th quarter. Jump Financial LLC now owns 63,321 shares of the company’s stock valued at $474,000 after purchasing an additional 17,321 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Similarweb by 29.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 60,419 shares of the company’s stock valued at $453,000 after purchasing an additional 13,746 shares during the period. 57.59% of the stock is owned by institutional investors.

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.