Royce & Associates LP Makes New Investment in Similarweb Ltd. $SMWB

Royce & Associates LP purchased a new stake in Similarweb Ltd. (NYSE:SMWB) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 494,328 shares of the company’s stock, valued at approximately $4,597,000.

Several other hedge funds have also recently modified their holdings of SMWB. New York State Common Retirement Fund purchased a new position in Similarweb during the third quarter valued at approximately $7,903,000. First Eagle Investment Management LLC bought a new stake in Similarweb during the 2nd quarter valued at $1,329,000. Jefferies Financial Group Inc. purchased a new position in shares of Similarweb in the 2nd quarter valued at $282,000. SG Americas Securities LLC bought a new position in shares of Similarweb in the 2nd quarter worth $255,000. Finally, CenterBook Partners LP lifted its stake 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 worth $11,304,000 after purchasing an additional 634,114 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SMWB. Needham & Company LLC lowered Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $11.00 price objective on shares of Similarweb in a research note on Friday, November 14th. Oppenheimer decreased their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Finally, William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.14.

Similarweb Trading Up 0.9%

NYSE:SMWB opened at $2.71 on Thursday. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.75. The company has a market cap of $235.23 million, a PE ratio of -6.94 and a beta of 1.17. The company’s 50 day moving average is $5.15 and its two-hundred day moving average is $7.42.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $72.76 million during the quarter, compared to the consensus estimate of $76.45 million. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. As a group, analysts expect that Similarweb Ltd. will post -0.24 EPS for the current fiscal 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.