Persistent Asset Partners Ltd Acquires Shares of 180,000 Similarweb Ltd. $SMWB

Persistent Asset Partners Ltd acquired a new stake in Similarweb Ltd. (NYSE:SMWB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 180,000 shares of the company’s stock, valued at approximately $1,348,000. Persistent Asset Partners Ltd owned about 0.21% of Similarweb as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in Similarweb in the 3rd quarter valued at $25,000. Wexford Capital LP bought a new position in Similarweb in the 3rd quarter valued at $64,000. Brooklyn Investment Group bought a new position in Similarweb in the 4th quarter valued at $85,000. Nebula Research & Development LLC bought a new position in Similarweb in the 2nd quarter valued at $146,000. Finally, Fox Run Management L.L.C. bought a new position in Similarweb in the 4th quarter valued at $146,000. 57.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SMWB has been the topic of a number of analyst reports. William Blair downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Oppenheimer decreased their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Citigroup cut 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. Finally, Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.07.

Insider Transactions at Similarweb

In other news, Director Tamar Rapaport-Dagim purchased 40,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the completion of the acquisition, the director directly owned 63,584 shares in the company, valued at approximately $204,740.48. This trade represents a 169.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harel Moshe Beit-On purchased 75,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the acquisition, the director owned 10,885,778 shares of the company’s stock, valued at approximately $42,345,676.42. This represents a 0.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 271,105 shares of company stock valued at $1,020,726.

Similarweb Trading Down 3.5%

Shares of Similarweb stock opened at $5.07 on Wednesday. The company has a market capitalization of $443.78 million, a PE ratio of -14.47 and a beta of 1.25. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75. The stock’s fifty day simple moving average is $3.40 and its 200 day simple moving average is $4.48.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The business had revenue of $73.88 million for the quarter, compared to the consensus estimate of $73.04 million. Analysts predict that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.

Similarweb 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.