Similarweb Ltd. (NYSE:SMWB) Given Average Rating of “Hold” by Brokerages

Similarweb Ltd. (NYSE:SMWB) has been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $8.2857.

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Citigroup increased their price target on shares of Similarweb from $3.00 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Oppenheimer lifted their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday.

Insider Activity at Similarweb

In related news, Director Tamar Rapaport-Dagim purchased 40,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the acquisition, the director owned 63,584 shares in the company, valued at approximately $204,740.48. This represents a 169.61% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harel Moshe Beit-On acquired 75,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price 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 approximately $42,345,676.42. This trade represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 271,105 shares of company stock valued at $1,020,726 over the last 90 days. Company insiders own 62.40% of the company’s stock.

Hedge Funds Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Militia Capital Management LLC purchased a new stake in Similarweb during the 1st quarter valued at about $616,000. Lavelle Capital LP purchased a new position in shares of Similarweb in the first quarter worth about $529,000. Bank of America Corp DE lifted its holdings in shares of Similarweb by 475.3% during the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock worth $167,000 after purchasing an additional 52,863 shares during the period. Renaissance Technologies LLC boosted its position in Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after buying an additional 378,200 shares during the last quarter. Finally, Sphera Management Technology Funds Ltd boosted its position in Similarweb by 3.7% in the fourth quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock valued at $3,595,000 after buying an additional 17,122 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Stock Up 1.5%

Shares of NYSE:SMWB opened at $7.49 on Friday. The firm has a 50 day moving average of $5.94 and a 200 day moving average of $4.28. The company has a market capitalization of $656.12 million, a price-to-earnings ratio of -21.40 and a beta of 1.14. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.75.

Similarweb (NYSE:SMWB) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. On average, sell-side analysts expect that Similarweb will post -0.08 EPS for the current year.

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.