Similarweb (NYSE:SMWB) Hits New 12-Month Low – Here’s Why

Similarweb Ltd. (NYSE:SMWB) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $5.93 and last traded at $5.95, with a volume of 60661 shares traded. The stock had previously closed at $6.14.

Analysts Set New Price Targets

SMWB has been the topic of a number of research reports. Oppenheimer lowered 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. Jefferies Financial Group reissued a “buy” rating and set a $11.00 price objective on shares of Similarweb in a research report on Friday, November 14th. The Goldman Sachs Group lowered shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price objective on the stock. in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Finally, Barclays lowered their price target on Similarweb from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Similarweb presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Similarweb Stock Down 4.1%

The firm has a market cap of $499.88 million, a PE ratio of -15.95 and a beta of 1.10. The company’s fifty day moving average price is $7.32 and its two-hundred day moving average price is $8.35.

Similarweb (NYSE:SMWB) last posted its quarterly 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 analysts’ expectations of $71.95 million. As a group, analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Penn Capital Management Company LLC lifted its holdings 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 acquiring an additional 1,233,928 shares during the period. Wexford Capital LP purchased a new position in shares of Similarweb in the 3rd quarter valued at about $64,000. Public Employees Retirement System of Ohio lifted its stake in shares of Similarweb by 302.4% in the third quarter. Public Employees Retirement System of Ohio now owns 46,673 shares of the company’s stock valued at $434,000 after purchasing an additional 35,073 shares during the period. Millennium Management LLC boosted its holdings in Similarweb by 65.7% during the third quarter. Millennium Management LLC now owns 510,921 shares of the company’s stock worth $4,752,000 after buying an additional 202,537 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Similarweb during the third quarter worth about $25,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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.