Similarweb (NYSE:SMWB) Director Tamar Rapaport-Dagim Acquires 40,000 Shares

Similarweb Ltd. (NYSE:SMWB) Director Tamar Rapaport-Dagim purchased 40,000 shares of Similarweb stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $3.22 per share, with a total value of $128,800.00. Following the acquisition, the director owned 63,584 shares of the company’s stock, valued at approximately $204,740.48. This trade represents a 169.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Similarweb Stock Performance

Shares of SMWB traded up $0.30 during midday trading on Tuesday, hitting $3.72. 264,322 shares of the stock traded hands, compared to its average volume of 836,284. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75. The firm has a market capitalization of $325.87 million, a PE ratio of -10.63 and a beta of 1.11. The business’s 50 day moving average price is $2.75 and its two-hundred day moving average price is $5.03.

Similarweb (NYSE:SMWB) last announced its quarterly 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. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The company had revenue of $73.88 million during the quarter, compared to the consensus estimate of $73.04 million. As a group, equities research analysts forecast that Similarweb Ltd. will post -0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new stake in Similarweb in the third quarter worth about $7,903,000. Royce & Associates LP bought a new stake in Similarweb in the third quarter worth about $4,597,000. First Eagle Investment Management LLC raised its position in Similarweb by 221.5% in the third quarter. First Eagle Investment Management LLC now owns 545,001 shares of the company’s stock worth $5,069,000 after acquiring an additional 375,496 shares in the last quarter. Penn Capital Management Company LLC raised its position 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 worth $15,321,000 after acquiring an additional 1,233,928 shares in the last quarter. Finally, Portolan Capital Management LLC raised its position in Similarweb by 62.0% in the third 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 currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Oppenheimer reduced their price objective on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Wall Street Zen downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Needham & Company LLC downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Northland Securities downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.07.

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.