Similarweb Ltd. (NYSE:SMWB) Receives $12.56 Average Price Target from Brokerages

Similarweb Ltd. (NYSE:SMWB) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.5625.

A number of equities analysts recently issued reports on SMWB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a report on Monday, December 29th. The Goldman Sachs Group cut shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target on the stock. in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of Similarweb in a report on Monday, November 17th. Jefferies Financial Group reissued a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a research report on Friday, November 14th. Finally, Oppenheimer reduced their target price on shares of Similarweb from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th.

Similarweb Stock Down 2.1%

SMWB stock opened at $6.16 on Wednesday. Similarweb has a twelve month low of $6.12 and a twelve month high of $17.64. The stock has a market capitalization of $522.46 million, a price-to-earnings ratio of -16.64 and a beta of 1.10. The firm’s fifty day simple moving average is $7.36 and its two-hundred day simple moving average is $8.38.

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

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Similarweb during the 3rd quarter worth about $25,000. Wexford Capital LP bought a new position in shares of Similarweb during the third quarter valued at approximately $64,000. Fullcircle Wealth LLC purchased a new position in Similarweb during the third quarter valued at approximately $140,000. MQS Management LLC bought a new position in Similarweb in the second quarter worth approximately $125,000. Finally, Fox Run Management L.L.C. purchased a new stake in Similarweb during the second quarter worth $129,000. 57.59% of the stock is currently owned by institutional investors.

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.