Similarweb (NYSE:SMWB) Issues Earnings Results

Similarweb (NYSE:SMWB) released its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05), Zacks reports. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%.

Similarweb Price Performance

NYSE SMWB remained flat at $3.98 on Tuesday. 2,338,219 shares of the company’s stock traded hands, compared to its average volume of 599,881. Similarweb has a 52 week low of $3.66 and a 52 week high of $10.84. The stock has a market capitalization of $337.78 million, a price-to-earnings ratio of -10.76 and a beta of 1.09. The business has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $7.83.

Institutional Trading of Similarweb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in shares of Similarweb during the second quarter valued at $1,457,000. Federated Hermes Inc. increased its position in Similarweb by 52.4% during the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after purchasing an additional 16,500 shares during the period. Qube Research & Technologies Ltd purchased a new position in Similarweb during the 2nd quarter valued at about $878,000. Nebula Research & Development LLC bought a new stake in shares of Similarweb in the 2nd quarter valued at about $146,000. Finally, California State Teachers Retirement System lifted its position in shares of Similarweb by 29.7% in the 2nd quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock worth $389,000 after purchasing an additional 11,356 shares during the period. 57.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SMWB shares. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of Similarweb in a research note on Monday, November 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.00 target price on shares of Similarweb in a report on Friday, November 14th. Barclays decreased their target price on Similarweb from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a research note on Monday, December 15th. Finally, Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Similarweb presently has an average rating of “Moderate Buy” and a consensus price target of $10.08.

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.