Similarweb Ltd. (NYSE:SMWB) Short Interest Update

Similarweb Ltd. (NYSE:SMWB) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 714,388 shares, a growth of 175.8% from the April 30th total of 258,981 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 966,969 shares, the short-interest ratio is currently 0.7 days.

Insider Activity

In other news, CEO Or Offer purchased 53,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $3.58 per share, for a total transaction of $189,740.00. Following the transaction, the chief executive officer directly owned 4,694,396 shares of the company’s stock, valued at approximately $16,805,937.68. The trade was a 1.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Tamar Rapaport-Dagim purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $3.22 per share, for a total transaction 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 trade represents a 169.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 221,105 shares of company stock valued at $813,226.

Hedge Funds Weigh In On Similarweb

Several hedge funds have recently made changes to their positions in SMWB. Jump Financial LLC bought a new position in shares of Similarweb during the 2nd quarter worth approximately $1,457,000. Federated Hermes Inc. grew its stake in shares of Similarweb by 52.4% during the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock worth $376,000 after acquiring an additional 16,500 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Similarweb during the 2nd quarter worth approximately $878,000. Nebula Research & Development LLC bought a new position in shares of Similarweb during the 2nd quarter worth approximately $146,000. Finally, California State Teachers Retirement System grew its stake in shares of Similarweb by 29.7% during the 2nd quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock worth $389,000 after acquiring an additional 11,356 shares in the last quarter. 57.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Barclays cut their price target on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Citigroup downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and cut their price target for the company from $8.50 to $3.00 in a research report on Friday, April 10th. Wall Street Zen downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Oppenheimer dropped their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Similarweb presently has an average rating of “Hold” and a consensus price target of $7.07.

Similarweb Stock Performance

SMWB stock traded down $0.04 during mid-day trading on Friday, hitting $4.15. 888,218 shares of the company were exchanged, compared to its average volume of 887,701. The firm has a market cap of $363.19 million, a P/E ratio of -11.85 and a beta of 1.25. The firm’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $4.75. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75.

Similarweb (NYSE:SMWB) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate 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 net margin of 10.38% and a negative return on equity of 48.57%. On average, equities research analysts predict that Similarweb will post -0.09 EPS 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.