Similarweb Ltd. $SMWB Stock Position Raised by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Similarweb Ltd. (NYSE:SMWB) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,106,157 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Similarweb were worth $28,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMWB. MQS Management LLC acquired a new stake in shares of Similarweb during the 2nd quarter worth approximately $125,000. Fox Run Management L.L.C. bought a new position in Similarweb during the 2nd quarter worth $129,000. ANTIPODES PARTNERS Ltd increased its position in Similarweb by 8.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after buying an additional 1,344 shares during the period. Nebula Research & Development LLC bought a new stake in Similarweb in the second quarter valued at $146,000. Finally, Man Group plc bought a new stake in Similarweb in the second quarter valued at $209,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Price Performance

NYSE SMWB opened at $5.87 on Wednesday. Similarweb Ltd. has a 12 month low of $5.79 and a 12 month high of $17.64. The firm has a market capitalization of $498.36 million, a PE ratio of -15.87 and a beta of 1.10. The company’s 50 day simple moving average is $7.26 and its 200 day simple moving average is $8.33.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%.The firm had revenue of $71.79 million during the quarter, compared to the consensus estimate of $71.95 million. Sell-side analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a report on Monday, December 15th. The Goldman Sachs Group cut shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 target price for the company. in a research report on Tuesday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Similarweb in a report on Monday, November 17th. Jefferies Financial Group reiterated a “buy” rating and set a $11.00 price objective on shares of Similarweb in a research report on Friday, November 14th. Finally, Oppenheimer lowered their target price on Similarweb from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.56.

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.