Similarweb (NYSE:SMWB) Director Buys $291,750.00 in Stock

Similarweb Ltd. (NYSE:SMWB) Director Harel Moshe Beit-On bought 75,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $3.89 per share, with a total value of $291,750.00. Following the acquisition, the director owned 10,885,778 shares in the company, valued at approximately $42,345,676.42. This trade represents a 0.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Similarweb Stock Performance

Shares of Similarweb stock opened at $4.12 on Friday. The stock has a market cap of $361.00 million, a price-to-earnings ratio of -11.77 and a beta of 1.11. The stock has a 50 day moving average price of $2.84 and a 200-day moving average price of $4.93. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.75.

Similarweb (NYSE:SMWB) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The firm had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. Sell-side analysts predict that Similarweb Ltd. will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

Several hedge funds have recently made changes to their positions in SMWB. Wellington Management Group LLP lifted its holdings in shares of Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after buying an additional 1,525,230 shares during the period. Phoenix Financial Ltd. lifted its holdings in shares of Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after buying an additional 1,292,700 shares during the period. Penn Capital Management Company LLC lifted its holdings in shares of 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 during the period. Menora Mivtachim Holdings LTD. lifted its holdings in shares of 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 during the period. Finally, New York State Common Retirement Fund purchased a new stake in shares of Similarweb in the 3rd quarter worth $7,903,000. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMWB has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a report on Wednesday, February 18th. Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.50 to $3.00 in a report on Friday, April 10th. Finally, Oppenheimer dropped their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.07.

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.