Similarweb Ltd. (NYSE:SMWB) Receives Consensus Recommendation of “Hold” from Analysts

Similarweb Ltd. (NYSE:SMWB) has been given an average rating of “Hold” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $7.0714.

Several equities analysts have recently weighed in on SMWB shares. Citigroup lowered shares of Similarweb from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.50 to $3.00 in a research report on Friday, April 10th. Citizens Jmp lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Oppenheimer lowered their price target on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st.

Insider Buying and Selling at Similarweb

In other Similarweb news, Director Harel Moshe Beit-On purchased 75,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $3.89 per share, with a total value of $291,750.00. Following the completion of the transaction, the director owned 10,885,778 shares in the company, valued at $42,345,676.42. The trade was a 0.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barak Eilam bought 50,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $3.86 per share, for a total transaction of $193,000.00. Following the completion of the acquisition, the director owned 101,315 shares in the company, valued at approximately $391,075.90. This trade represents a 97.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 221,105 shares of company stock valued at $813,226 in the last three months. 62.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Similarweb

Several hedge funds have recently bought and sold shares of SMWB. Jump Financial LLC bought a new position in Similarweb in the 2nd quarter valued at about $1,457,000. Federated Hermes Inc. increased its holdings in Similarweb by 52.4% in the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after buying an additional 16,500 shares during the period. Qube Research & Technologies Ltd bought a new position in Similarweb in the 2nd quarter valued at about $878,000. Nebula Research & Development LLC bought a new position in Similarweb in the 2nd quarter valued at about $146,000. Finally, California State Teachers Retirement System increased its holdings in Similarweb by 29.7% in the 2nd quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after buying an additional 11,356 shares during the period. 57.59% of the stock is owned by institutional investors.

Similarweb Price Performance

Shares of SMWB opened at $4.12 on Tuesday. The firm has a market capitalization of $361.00 million, a PE ratio of -11.77 and a beta of 1.11. The company’s 50-day moving average is $2.87 and its 200-day moving average is $4.87. Similarweb has a fifty-two week low of $2.22 and a fifty-two week high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. Analysts predict that Similarweb will post -0.09 earnings per share for the current fiscal 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.