Similarweb (NYSE:SMWB) Reaches New 12-Month Low – Time to Sell?

Similarweb Ltd. (NYSE:SMWB)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $6.33 and last traded at $6.40, with a volume of 149575 shares traded. The stock had previously closed at $6.95.

Wall Street Analysts Forecast Growth

SMWB has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a report on Friday, November 14th. The Goldman Sachs Group downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Similarweb in a research report on Monday, November 17th. Barclays cut their target price on Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Oppenheimer lowered their price target on Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.56.

Similarweb Trading Down 9.1%

The business’s fifty day moving average price is $7.54 and its 200 day moving average price is $8.43. The firm has a market capitalization of $536.38 million, a price-to-earnings ratio of -17.08 and a beta of 1.10.

Similarweb (NYSE:SMWB) last issued 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. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%.The business had revenue of $71.79 million during the quarter, compared to the consensus estimate of $71.95 million. As a group, sell-side analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of institutional investors have recently bought and sold shares of the stock. Menora Mivtachim Holdings LTD. raised its holdings in Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after buying an additional 881,652 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Similarweb by 3.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock worth $28,887,000 after purchasing an additional 100,000 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Similarweb by 163.6% during the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after purchasing an additional 1,525,230 shares in the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Similarweb by 299.4% in the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after purchasing an additional 1,233,928 shares during the period. Finally, CenterBook Partners LP grew its holdings in Similarweb by 78.5% during the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock valued at $11,304,000 after purchasing an additional 634,114 shares in the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

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.