Similarweb Ltd. (NYSE:SMWB) Receives $7.07 Average Price Target from Analysts

Similarweb Ltd. (NYSE:SMWB) has earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.0714.

SMWB has been the topic of a number of analyst reports. Oppenheimer cut their price target on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Barclays cut 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. Northland Securities cut 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. Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, William Blair cut Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th.

Similarweb Price Performance

Similarweb stock opened at $4.87 on Friday. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The stock has a market cap of $426.17 million, a PE ratio of -13.90 and a beta of 1.25. The stock’s fifty day moving average is $3.44 and its two-hundred day moving average is $4.46.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The company had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. On average, research analysts expect that Similarweb will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Similarweb

In other Similarweb news, Director Harel Moshe Beit-On bought 75,000 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. The trade was a 0.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tamar Rapaport-Dagim bought 40,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the completion of the acquisition, the director directly owned 63,584 shares in the company, valued at approximately $204,740.48. This trade represents a 169.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 271,105 shares of company stock worth $1,020,726 over the last three months. 62.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Similarweb

A number of institutional investors have recently modified their holdings of the business. Phoenix Financial Ltd. increased its holdings in shares of Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after acquiring an additional 1,292,700 shares during the period. Menora Mivtachim Holdings LTD. increased its holdings in shares of Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after acquiring an additional 881,652 shares during the period. Wellington Management Group LLP increased its holdings in shares of Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after acquiring an additional 1,525,230 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of Similarweb by 299.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after acquiring an additional 1,233,928 shares during the period. Finally, Nuveen LLC increased its position in Similarweb by 2.5% in the 4th quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after acquiring an additional 37,457 shares during the period. 57.59% of the stock is owned by institutional investors and hedge funds.

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.