Similarweb (NYSE:SMWB) CEO Or Offer Purchases 53,000 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer bought 53,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $3.58 per share, for a total transaction of $189,740.00. Following the completion of the acquisition, the chief executive officer owned 4,694,396 shares of the company’s stock, valued at $16,805,937.68. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Or Offer also recently made the following trade(s):

• On Monday, May 18th, Or Offer purchased 3,105 shares of Similarweb stock. The stock was bought at an average price of $3.20 per share, with a total value of $9,936.00.

Similarweb Trading Up 0.9%

NYSE:SMWB traded up $0.03 on Wednesday, hitting $3.71. 394,132 shares of the company’s stock traded hands, compared to its average volume of 840,142. The company has a market cap of $325.26 million, a PE ratio of -10.56 and a beta of 1.11. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75. The firm has a 50-day moving average price of $2.77 and a 200-day moving average price of $5.00.

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

Wall Street Analysts Forecast Growth

SMWB has been the subject of several research reports. Needham & Company LLC lowered Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Citigroup lowered Similarweb from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Oppenheimer dropped their price target on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.07.

Hedge Funds Weigh In On Similarweb

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in shares of Similarweb during the third quarter worth about $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb during the third quarter worth about $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb during the fourth quarter worth about $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb during the fourth quarter worth about $90,000. Finally, Fullcircle Wealth LLC acquired a new stake in shares of Similarweb during the third quarter worth about $140,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.