Similarweb Ltd. (NYSE:SMWB) Short Interest Update

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

Hedge Funds Weigh In On Similarweb

Several institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its holdings in shares of Similarweb by 277.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 117,831 shares of the company’s stock valued at $924,000 after acquiring an additional 86,612 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in Similarweb by 8.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock valued at $137,000 after purchasing an additional 1,344 shares during the period. Palogic Value Management L.P. boosted its holdings in Similarweb by 12.4% in the 2nd quarter. Palogic Value Management L.P. now owns 117,423 shares of the company’s stock valued at $921,000 after purchasing an additional 13,000 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Similarweb in the 2nd quarter valued at approximately $1,329,000. Finally, Fox Run Management L.L.C. acquired a new position in Similarweb during the 2nd quarter worth approximately $129,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup reduced their price target on shares of Similarweb from $11.00 to $8.50 and set a “buy” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Jefferies Financial Group restated a “buy” rating and issued a $11.00 price target on shares of Similarweb in a research note on Friday, November 14th. Finally, Oppenheimer reduced 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. Four 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. According to data from MarketBeat.com, Similarweb has a consensus rating of “Hold” and a consensus price target of $8.14.

Similarweb Stock Up 3.3%

SMWB traded up $0.09 on Tuesday, reaching $2.69. The company’s stock had a trading volume of 718,886 shares, compared to its average volume of 2,026,323. The company has a market capitalization of $227.88 million, a price-to-earnings ratio of -6.88 and a beta of 1.17. Similarweb has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The stock has a 50 day moving average of $5.23 and a two-hundred day moving average of $7.45.

Similarweb (NYSE:SMWB) last issued 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 company had revenue of $72.76 million for the quarter, compared to analyst estimates of $76.45 million. As a group, analysts anticipate that Similarweb will post -0.24 earnings per share for the current fiscal 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.