Militia Capital Management LLC Invests $572,000 in Similarweb Ltd. $SMWB

Militia Capital Management LLC acquired a new stake in shares of Similarweb Ltd. (NYSE:SMWB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 219,264 shares of the company’s stock, valued at approximately $572,000.

Several other hedge funds have also recently modified their holdings of the stock. Phoenix Financial Ltd. increased its holdings in shares of Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after acquiring an additional 1,292,700 shares in the last quarter. UBS Group AG grew its position in shares of Similarweb by 71.4% in 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 period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Similarweb in the 4th quarter valued at approximately $1,255,000. Persistent Asset Partners Ltd bought a new stake in Similarweb during the 4th quarter worth approximately $1,348,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Similarweb by 2.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company’s stock worth $8,784,000 after buying an additional 23,881 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Barak Eilam acquired 50,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $3.86 per share, with a total value of $193,000.00. Following the acquisition, the director owned 101,315 shares in the company, valued at $391,075.90. This represents a 97.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harel Moshe Beit-On bought 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $3.89 per share, with a total value of $291,750.00. Following the completion of the purchase, the director directly owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. This represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 271,105 shares of company stock worth $1,020,726 over the last 90 days. Company insiders own 62.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SMWB has been the topic of a number of research reports. Barclays cut their price target on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Oppenheimer raised their price objective on shares of Similarweb from $4.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Citigroup boosted their price target on Similarweb from $3.00 to $7.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.07.

Similarweb Price Performance

Similarweb stock opened at $6.02 on Friday. The company has a market cap of $527.35 million, a price-to-earnings ratio of -17.20 and a beta of 1.17. The firm has a 50-day moving average of $5.21 and a 200-day moving average of $4.23. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.75.

Similarweb (NYSE:SMWB) last released its earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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. As a group, sell-side analysts expect that Similarweb Ltd. will post -0.08 earnings per share for the current year.

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.