Similarweb (NYSE:SMWB) Director Tamar Rapaport-Dagim Buys 40,000 Shares

Similarweb Ltd. (NYSE:SMWB) Director Tamar Rapaport-Dagim purchased 40,000 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the transaction, the director owned 63,584 shares of the company’s stock, valued at approximately $204,740.48. This trade represents a 169.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Similarweb Stock Up 8.1%

NYSE SMWB opened at $3.70 on Wednesday. The company’s 50 day moving average is $2.77 and its 200-day moving average is $5.00. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75. The firm has a market cap of $323.77 million, a P/E ratio of -10.56 and a beta of 1.11.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The company had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. Equities analysts expect that Similarweb Ltd. will post -0.09 EPS for the current year.

Institutional Trading of Similarweb

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Phoenix Financial Ltd. increased its holdings in Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after acquiring an additional 1,292,700 shares during the period. Menora Mivtachim Holdings LTD. grew its stake in Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after buying an additional 881,652 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Similarweb by 3.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock worth $28,887,000 after buying an additional 100,000 shares in the last quarter. Wellington Management Group LLP grew its stake in Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after buying an additional 1,525,230 shares in the last quarter. Finally, Penn Capital Management Company LLC grew its stake in Similarweb by 299.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after buying an additional 1,233,928 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

SMWB has been the topic of several research reports. Citigroup lowered shares of 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 research report on Friday, April 10th. Citizens Jmp lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Oppenheimer decreased their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.07.

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.