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

Similarweb Ltd. (NYSE:SMWB) Director Tamar Rapaport-Dagim acquired 40,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $3.22 per share, for a total transaction of $128,800.00. Following the purchase, the director directly 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 legal filing with the SEC, which can be accessed through this link.

Similarweb Stock Up 8.8%

Shares of SMWB traded up $0.30 during mid-day trading on Tuesday, reaching $3.72. 264,322 shares of the stock traded hands, compared to its average volume of 836,284. The firm has a market cap of $325.87 million, a price-to-earnings ratio of -10.63 and a beta of 1.11. The stock has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $5.03. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays dropped their price target on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Citigroup lowered shares of Similarweb from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $8.50 to $3.00 in a research note on Friday, April 10th. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Oppenheimer dropped their price target on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.07.

Hedge Funds Weigh In On Similarweb

A number of hedge funds have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC acquired a new position in Similarweb in the third quarter worth $25,000. Wexford Capital LP acquired a new position in Similarweb in the third quarter worth $64,000. Brooklyn Investment Group acquired a new position in Similarweb in the fourth quarter worth $85,000. Boothbay Fund Management LLC acquired a new position in Similarweb in the fourth quarter worth $90,000. Finally, Fullcircle Wealth LLC acquired a new position in Similarweb in the third quarter worth $140,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.