Short Interest in Similarweb Ltd. (NYSE:SMWB) Drops By 37.8%

Similarweb Ltd. (NYSE:SMWB) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 444,701 shares, a drop of 37.8% from the May 14th total of 714,388 shares. Based on an average daily trading volume, of 867,303 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s stock are sold short.

Similarweb Stock Performance

NYSE SMWB opened at $4.37 on Monday. The firm has a market cap of $382.37 million, a PE ratio of -12.47 and a beta of 1.25. Similarweb has a one year low of $2.22 and a one year high of $10.75. The firm’s fifty day moving average is $3.30 and its two-hundred day moving average is $4.51.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates 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%. Research analysts predict that Similarweb will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Similarweb

In other news, Director Tamar Rapaport-Dagim acquired 40,000 shares of Similarweb stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the acquisition, the director owned 63,584 shares of the company’s stock, valued at $204,740.48. This trade represents a 169.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Or Offer acquired 53,000 shares of Similarweb stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of $3.58 per share, for a total transaction of $189,740.00. Following the completion of the acquisition, the chief executive officer directly owned 4,694,396 shares in the company, valued at approximately $16,805,937.68. This represents a 1.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 271,105 shares of company stock worth $1,020,726.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Phoenix Financial Ltd. increased its stake in Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after purchasing an additional 1,292,700 shares during the period. Menora Mivtachim Holdings LTD. increased its stake in Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after purchasing an additional 881,652 shares during the period. Wellington Management Group LLP increased its stake in Similarweb by 163.6% in the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after purchasing an additional 1,525,230 shares during the period. Penn Capital Management Company LLC increased its stake 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 valued at $15,321,000 after purchasing an additional 1,233,928 shares during the period. Finally, Nuveen LLC increased its stake in Similarweb by 2.5% in the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after purchasing an additional 37,457 shares during the period. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SMWB. Barclays reduced their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Citizens Jmp lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Oppenheimer cut their price target on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Finally, Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. 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.com, Similarweb currently has a consensus rating of “Hold” and an average target price 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.