Similarweb (NYSE:SMWB) Shares Down 5.4% – Time to Sell?

Shares of Similarweb Ltd. (NYSE:SMWB) fell 5.4% on Friday . The stock traded as low as $7.10 and last traded at $7.0860. 155,067 shares traded hands during trading, a decline of 52% from the average session volume of 323,328 shares. The stock had previously closed at $7.49.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SMWB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of Similarweb in a report on Monday, November 17th. Wall Street Zen upgraded Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Jefferies Financial Group restated a “buy” rating and set a $11.00 price target on shares of Similarweb in a research report on Friday, November 14th. Finally, Citigroup reiterated a “market outperform” rating on shares of Similarweb in a research report on Monday, December 15th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.88.

Similarweb Stock Down 6.2%

The stock has a market capitalization of $596.30 million, a P/E ratio of -18.90 and a beta of 1.10. The firm’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $8.43.

Similarweb (NYSE:SMWB) last announced its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $71.79 million for the quarter, compared to analyst estimates of $71.95 million. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%. As a group, equities analysts anticipate that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Several institutional investors and hedge funds have recently bought and sold shares of the business. Trexquant Investment LP increased its stake in shares of Similarweb by 104.5% in the first quarter. Trexquant Investment LP now owns 213,683 shares of the company’s stock worth $1,767,000 after acquiring an additional 109,208 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Similarweb by 80.2% in the first quarter. Cubist Systematic Strategies LLC now owns 185,502 shares of the company’s stock valued at $1,534,000 after purchasing an additional 82,536 shares in the last quarter. PDT Partners LLC increased its position in Similarweb by 151.3% in the 1st quarter. PDT Partners LLC now owns 94,671 shares of the company’s stock worth $783,000 after purchasing an additional 56,991 shares during the last quarter. Palogic Value Management L.P. purchased a new stake in shares of Similarweb during the 1st quarter worth about $864,000. Finally, Herald Investment Management Ltd raised its stake in shares of Similarweb by 100.0% during the 2nd quarter. Herald Investment Management Ltd now owns 600,000 shares of the company’s stock worth $4,710,000 after purchasing an additional 300,000 shares in the last quarter. 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.