Similarweb (NYSE:SMWB) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Similarweb (NYSE:SMWB) from a hold rating to a buy rating in a research note released on Saturday.

A number of other analysts have also recently issued reports on SMWB. Oppenheimer decreased their target price on Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a research report on Monday, December 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 15th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Similarweb in a research note on Monday, November 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $11.00 target price on shares of Similarweb in a report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Similarweb currently has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Similarweb Stock Down 3.2%

Shares of NYSE SMWB opened at $6.97 on Friday. The stock has a market capitalization of $591.54 million, a PE ratio of -18.84 and a beta of 1.09. The firm has a fifty day moving average of $8.02 and a 200-day moving average of $8.48. Similarweb has a 52-week low of $6.36 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last issued its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $71.79 million for the quarter, compared to analysts’ expectations of $71.95 million. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%. Equities research analysts expect that Similarweb will post -0.24 EPS for the current fiscal year.

Institutional Trading of Similarweb

Several institutional investors have recently added to or reduced their stakes in SMWB. Penn Capital Management Company LLC boosted its stake in Similarweb by 299.4% during 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 last quarter. Wexford Capital LP acquired a new stake in shares of Similarweb in the 3rd quarter valued at about $64,000. Public Employees Retirement System of Ohio lifted its position in shares of Similarweb by 302.4% during the third quarter. Public Employees Retirement System of Ohio now owns 46,673 shares of the company’s stock worth $434,000 after purchasing an additional 35,073 shares during the last quarter. Millennium Management LLC grew its stake in Similarweb by 65.7% in the third quarter. Millennium Management LLC now owns 510,921 shares of the company’s stock worth $4,752,000 after purchasing an additional 202,537 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Similarweb in the third quarter worth about $25,000. 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.