Similarweb Ltd. (NYSE:SMWB) Short Interest Update

Similarweb Ltd. (NYSE:SMWB) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 753,425 shares, a decline of 25.2% from the February 26th total of 1,007,583 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 543,859 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Similarweb

Hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new position in Similarweb in the 3rd quarter valued at $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb during the 3rd quarter worth $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb during the 4th quarter worth $85,000. Boothbay Fund Management LLC bought a new position in shares of Similarweb in the fourth quarter worth $90,000. Finally, Fullcircle Wealth LLC acquired a new position in Similarweb in the third quarter valued at about $140,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. 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. William Blair cut Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Barclays set a $7.00 price target on Similarweb in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Similarweb presently has a consensus rating of “Hold” and a consensus target price of $8.14.

Similarweb Trading Down 5.2%

Shares of NYSE:SMWB traded down $0.14 on Friday, hitting $2.53. The company had a trading volume of 402,213 shares, compared to its average volume of 584,839. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The stock has a market cap of $220.01 million, a price-to-earnings ratio of -6.49 and a beta of 1.17. The stock has a 50 day moving average price of $3.68 and a 200 day moving average price of $6.60.

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

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.