Similarweb Ltd. (NYSE:SMWB) Receives Average Recommendation of “Hold” from Brokerages

Similarweb Ltd. (NYSE:SMWB) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.0714.

Several research analysts have recently issued reports on SMWB shares. Citigroup upped their price objective on Similarweb from $3.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer raised their target price on Similarweb from $4.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Finally, Barclays decreased their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 20th.

Similarweb Stock Up 0.6%

NYSE SMWB opened at $6.70 on Wednesday. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.75. The firm has a 50 day moving average of $4.55 and a two-hundred day moving average of $4.26. The stock has a market capitalization of $586.93 million, a PE ratio of -19.14 and a beta of 1.17.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $73.88 million during the quarter, compared to analysts’ expectations 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 will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Similarweb

In related news, Director Barak Eilam acquired 50,000 shares of Similarweb stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $3.86 per share, for a total transaction of $193,000.00. Following the transaction, the director owned 101,315 shares of the company’s stock, valued at $391,075.90. This represents a 97.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Or Offer purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $4.15 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the chief executive officer directly owned 4,744,396 shares in the company, valued at $19,689,243.40. This represents a 1.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 271,105 shares of company stock worth $1,020,726 in the last ninety days. Company insiders own 62.40% of the company’s stock.

Institutional Trading of Similarweb

A number of large investors have recently made changes to their positions in SMWB. Wellington Management Group LLP raised its position in Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after purchasing an additional 1,525,230 shares during the last quarter. Phoenix Financial Ltd. raised its stake in shares of Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after buying an additional 1,292,700 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in Similarweb by 299.4% in the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after acquiring an additional 1,233,928 shares during the period. Menora Mivtachim Holdings LTD. lifted its stake in shares of Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after purchasing an additional 881,652 shares during the period. Finally, Portolan Capital Management LLC boosted its stake in shares of Similarweb by 62.0% during the 3rd quarter. Portolan Capital Management LLC now owns 1,179,000 shares of the company’s stock worth $10,965,000 after acquiring an additional 451,408 shares in the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

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.