Persistent Asset Partners Ltd Takes $1.35 Million Position in Similarweb Ltd. $SMWB

Persistent Asset Partners Ltd purchased a new stake in Similarweb Ltd. (NYSE:SMWB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 180,000 shares of the company’s stock, valued at approximately $1,348,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of Similarweb in the third quarter valued at about $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb in the third quarter valued at about $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb in the fourth quarter valued at about $85,000. Nebula Research & Development LLC acquired a new stake in shares of Similarweb in the second quarter valued at about $146,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Similarweb in the fourth quarter valued at about $146,000. 57.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on SMWB shares. Northland Securities downgraded Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research report on Wednesday, February 18th. Barclays lowered their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Needham & Company LLC downgraded Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, William Blair downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.07.

Similarweb Stock Down 3.5%

Shares of NYSE SMWB opened at $5.07 on Wednesday. The business’s 50 day moving average price is $3.40 and its two-hundred day moving average price is $4.48. The company has a market cap of $443.78 million, a PE ratio of -14.47 and a beta of 1.25. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.75.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $73.88 million for the quarter, compared to the consensus estimate of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. As a group, research analysts anticipate that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Similarweb news, Director Tamar Rapaport-Dagim purchased 40,000 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the transaction, the director directly owned 63,584 shares in the company, valued at $204,740.48. This represents a 169.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barak Eilam purchased 50,000 shares of the stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost 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 approximately $391,075.90. The trade was a 97.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 271,105 shares of company stock worth $1,020,726 in the last three months.

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.