Short Interest in Similarweb Ltd. (NYSE:SMWB) Decreases By 18.0%

Similarweb Ltd. (NYSE:SMWB) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 467,273 shares, a decline of 18.0% from the December 15th total of 569,708 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 319,574 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 319,574 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

SMWB has been the subject of several research reports. Oppenheimer dropped their target price on Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Barclays decreased their target price on shares of Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group restated a “buy” rating and issued a $11.00 price target on shares of Similarweb in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Finally, Citigroup restated a “market outperform” rating on shares of Similarweb in a report on Monday, December 15th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Similarweb has a consensus rating of “Moderate Buy” and an average price target of $12.56.

Similarweb Trading Down 2.1%

Shares of SMWB stock opened at $6.16 on Monday. The firm has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $8.37. Similarweb has a 12 month low of $6.12 and a 12 month high of $17.64. The firm has a market capitalization of $522.46 million, a PE ratio of -16.64 and a beta of 1.10.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $71.79 million during the quarter, compared to analyst estimates of $71.95 million. On average, equities analysts predict that Similarweb will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Several large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Similarweb by 163.6% in the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after purchasing an additional 1,525,230 shares during the last quarter. Penn Capital Management Company LLC grew its stake in Similarweb by 299.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after buying an additional 1,233,928 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after buying an additional 881,652 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Similarweb in the 3rd quarter worth $7,903,000. Finally, CenterBook Partners LP raised its position in shares of Similarweb by 78.5% during the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock valued at $11,304,000 after buying an additional 634,114 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

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.