Similarweb Ltd. (NYSE:SMWB) Receives Average Rating of “Hold” from Analysts

Similarweb Ltd. (NYSE:SMWB) has been given an average rating of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.0714.

Several equities research analysts have issued reports on SMWB shares. Oppenheimer decreased their price objective 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. Needham & Company LLC downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. William Blair downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Barclays decreased their price objective 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. Finally, Citigroup downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $8.50 to $3.00 in a research note on Friday, April 10th.

Similarweb Stock Performance

Shares of SMWB stock opened at $2.82 on Friday. Similarweb has a one year low of $2.22 and a one year high of $10.75. The company has a 50 day moving average price of $2.65 and a 200 day moving average price of $5.47. The firm has a market capitalization of $246.86 million, a price-to-earnings ratio of -7.23 and a beta of 1.11.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. The firm had revenue of $72.76 million during the quarter, compared to analyst estimates of $76.45 million. As a group, equities analysts forecast that Similarweb will post -0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Several institutional investors have recently bought and sold shares of the business. Sphera Management Technology Funds Ltd grew its stake in Similarweb by 3.7% during the fourth quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock worth $3,595,000 after buying an additional 17,122 shares during the period. Numerai GP LLC purchased a new position in shares of Similarweb in the fourth quarter valued at $883,000. Boothbay Fund Management LLC purchased a new position in shares of Similarweb in the fourth quarter valued at $90,000. Jump Financial LLC boosted its stake in shares of Similarweb by 37.7% in the fourth quarter. Jump Financial LLC now owns 63,321 shares of the company’s stock valued at $474,000 after purchasing an additional 17,321 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Similarweb by 29.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 60,419 shares of the company’s stock valued at $453,000 after purchasing an additional 13,746 shares during the period. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

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.