Similarweb Ltd. (NYSE:SMWB) Short Interest Up 110.6% in February

Similarweb Ltd. (NYSE:SMWB) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,007,583 shares, a growth of 110.6% from the February 12th total of 478,421 shares. Based on an average trading volume of 3,430,134 shares, the short-interest ratio is currently 0.3 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 3,430,134 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Similarweb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC acquired a new stake in shares of Similarweb during the 3rd quarter worth approximately $25,000. Wexford Capital LP bought a new stake in shares of Similarweb in the third quarter valued at approximately $64,000. Brooklyn Investment Group acquired a new stake in Similarweb during the fourth quarter worth approximately $85,000. Boothbay Fund Management LLC acquired a new stake in Similarweb during the fourth quarter worth approximately $90,000. Finally, Fullcircle Wealth LLC bought a new position in Similarweb during the 3rd quarter worth $140,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Price Performance

Similarweb stock traded down $0.03 during mid-day trading on Thursday, reaching $2.62. 196,473 shares of the company traded hands, compared to its average volume of 1,082,244. Similarweb has a 52-week low of $2.22 and a 52-week high of $10.75. The firm’s 50 day moving average price is $4.70 and its 200 day moving average price is $7.21. The firm has a market capitalization of $227.41 million, a price-to-earnings ratio of -6.74 and a beta of 1.17.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company 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%. On average, sell-side analysts anticipate that Similarweb will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SMWB. Wall Street Zen cut shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Jefferies Financial Group reissued a “buy” rating and issued a $11.00 price target on shares of Similarweb in a research note on Friday, November 14th. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Oppenheimer decreased their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Finally, Barclays set a $7.00 target price on Similarweb in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Similarweb currently has a consensus rating of “Hold” and an average target price of $8.14.

About Similarweb

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.