Similarweb (NYSE:SMWB) Releases Earnings Results, Misses Expectations By $0.10 EPS

Similarweb (NYSE:SMWB) issued its earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10), Zacks reports. Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. Similarweb updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Similarweb Stock Performance

Shares of SMWB opened at $11.88 on Thursday. The stock has a 50-day simple moving average of $14.92 and a 200-day simple moving average of $11.21. Similarweb has a 1 year low of $5.71 and a 1 year high of $17.64. The stock has a market capitalization of $961.33 million, a PE ratio of -108.00 and a beta of 0.99.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup raised their target price on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. Northland Securities lifted their price target on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group boosted their price target on shares of Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Similarweb in a research report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.50.

Similarweb Company Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.