Similarweb Ltd. (NYSE:SMWB) Receives $8.14 Consensus Price Target from Analysts

Shares of Similarweb Ltd. (NYSE:SMWB) have earned a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $8.1429.

A number of equities analysts recently issued reports on the company. Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group downgraded Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target on the stock. in a research note on Tuesday, January 13th. Citigroup cut their price objective on Similarweb from $11.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, February 20th. William Blair cut Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Oppenheimer decreased their target price on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, February 19th.

Similarweb Trading Down 2.9%

NYSE:SMWB opened at $2.73 on Thursday. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The company has a market cap of $237.23 million, a PE ratio of -6.99 and a beta of 1.17. The company’s 50 day moving average is $4.89 and its two-hundred day moving average is $7.28.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $72.76 million during the quarter, compared to analysts’ expectations 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 will post -0.24 EPS for the current fiscal year.

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently bought and sold shares of SMWB. New York State Common Retirement Fund acquired a new stake in Similarweb during the 3rd quarter worth about $7,903,000. First Eagle Investment Management LLC acquired a new position in shares of Similarweb in the 2nd quarter valued at about $1,329,000. Royce & Associates LP acquired a new position in shares of Similarweb in the 3rd quarter valued at about $4,597,000. Jefferies Financial Group Inc. purchased a new stake in shares of Similarweb in the second quarter worth about $282,000. Finally, SG Americas Securities LLC acquired a new stake in Similarweb during the second quarter worth about $255,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

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.