Similarweb Ltd. (SMWB) – What Are Researchers Thinking About This Stock?

Shares of Similarweb Ltd. (NYSE:SMWB) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $9.71.

A number of research firms have commented on SMWB. Barclays raised their price target on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Zacks Research upgraded shares of Similarweb from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Needham & Company LLC upgraded shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, September 16th. Finally, Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th.

Insider Transactions at Similarweb

In other news, CEO Or Offer sold 114,300 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $7.69, for a total value of $878,967.00. Following the completion of the sale, the chief executive officer owned 3,930,481 shares in the company, valued at approximately $30,225,398.89. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,760,534 shares of company stock valued at $15,163,145 in the last ninety days.

Hedge Funds Weigh In On Similarweb

A number of institutional investors have recently modified their holdings of SMWB. Integrated Wealth Concepts LLC bought a new position in shares of Similarweb during the second quarter valued at approximately $92,000. Wellington Management Group LLP lifted its stake in Similarweb by 22.2% during the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after acquiring an additional 657,928 shares during the period. Militia Capital Management LLC purchased a new stake in shares of Similarweb in the first quarter worth about $616,000. Lavelle Capital LP purchased a new position in shares of Similarweb during the 1st quarter valued at approximately $529,000. Finally, Bank of America Corp DE increased its position in shares of Similarweb by 475.3% in the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock valued at $167,000 after buying an additional 52,863 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Stock Performance

Similarweb stock opened at $8.93 on Friday. The stock has a market cap of $782.62 million, a PE ratio of -35.74 and a beta of 1.30. Similarweb has a one year low of $2.22 and a one year high of $9.50. The stock has a fifty day moving average of $8.47 and a 200 day moving average of $6.04.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. The firm had revenue of $77.19 million for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.

About Similarweb

Similarweb Ltd. (NYSE: SMWB) provides digital intelligence and market research solutions that help businesses understand online activity and competitive dynamics. Its platform analyzes digital behavior across websites and mobile applications, offering insights into audience interests, traffic sources, engagement, user journeys and industry trends.

The company serves customers across a range of industries, including technology, retail, financial services, media and advertising. Its products support marketing, sales, business development, investor research and strategy teams by helping them identify market opportunities, evaluate competitors, assess customer demand and monitor digital performance.

Similarweb was founded in 2007 by Or Offer and Nir Cohen and is headquartered in Israel, with operations and customers serving markets internationally.