Brokerages Set Similarweb Ltd. (NYSE:SMWB) PT at $11.07

Similarweb Ltd. (NYSE:SMWB) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.0714.

A number of research analysts have recently issued reports on SMWB shares. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Similarweb in a report on Monday, November 17th. Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Oppenheimer dropped their price target on shares of Similarweb from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings reiterated 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 research report on Monday, December 15th.

Hedge Funds Weigh In On Similarweb

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund purchased a new position in Similarweb in the third quarter worth about $7,903,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Similarweb by 8.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,006,157 shares of the company’s stock worth $23,568,000 after purchasing an additional 243,600 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Similarweb in the second quarter worth approximately $1,329,000. ARK Investment Management LLC boosted its holdings in shares of Similarweb by 100.7% in the second quarter. ARK Investment Management LLC now owns 242,370 shares of the company’s stock worth $1,900,000 after buying an additional 121,619 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Similarweb during the second quarter valued at approximately $282,000. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Stock Up 0.9%

Shares of SMWB opened at $4.66 on Friday. Similarweb has a twelve month low of $4.10 and a twelve month high of $17.34. The company has a market capitalization of $395.49 million, a P/E ratio of -12.59 and a beta of 1.09. The firm has a 50 day moving average of $6.53 and a 200 day moving average of $7.96.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, November 11th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business 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%. On average, sell-side analysts expect that Similarweb will post -0.24 EPS for the current year.

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.