Oppenheimer Cuts Similarweb (NYSE:SMWB) Price Target to $7.00

Similarweb (NYSE:SMWB) had its price objective decreased by Oppenheimer from $10.00 to $7.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on SMWB. The Goldman Sachs Group cut Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 target price on the stock. in a report on Tuesday, January 13th. Wall Street Zen upgraded Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a research report on Monday, December 15th. Finally, Barclays reduced their target price on shares of Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Similarweb has an average rating of “Moderate Buy” and an average price target of $11.07.

Similarweb Stock Up 6.8%

Shares of NYSE:SMWB opened at $4.69 on Wednesday. The firm’s 50 day moving average price is $6.65 and its 200-day moving average price is $8.04. Similarweb has a twelve month low of $4.10 and a twelve month high of $17.64. The stock has a market capitalization of $398.04 million, a PE ratio of -12.68 and a beta of 1.09.

Similarweb (NYSE:SMWB) last announced its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. The company had revenue of $71.79 million during the quarter, compared to analyst estimates of $71.95 million. Analysts expect that Similarweb will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of institutional investors have recently added to or reduced their stakes in the stock. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Similarweb during the fourth quarter valued at approximately $1,255,000. Phoenix Financial Ltd. increased its holdings in Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after acquiring an additional 1,292,700 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Similarweb by 18.5% in the 4th quarter. First Eagle Investment Management LLC now owns 645,647 shares of the company’s stock worth $4,836,000 after purchasing an additional 100,646 shares in the last quarter. UBS Group AG boosted its holdings in shares of Similarweb by 71.4% during the 4th quarter. UBS Group AG now owns 536,549 shares of the company’s stock valued at $4,019,000 after purchasing an additional 223,562 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Similarweb by 50.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,592 shares of the company’s stock valued at $237,000 after purchasing an additional 10,560 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.