Similarweb (NYSE:SMWB) Hits New 52-Week Low – What’s Next?

Shares of Similarweb Ltd. (NYSE:SMWB) hit a new 52-week low during trading 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup reiterated a “market outperform” rating on shares of Similarweb in a research note on Monday, December 15th. The Goldman Sachs Group lowered shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a research note on Tuesday. Barclays reduced their price target on shares of Similarweb from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday. Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.00 target price on shares of Similarweb in a research report on Friday, November 14th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Similarweb Stock Performance

The firm has a 50 day moving average price of $7.41 and a 200-day moving average price of $8.39. The company has a market cap of $531.29 million, a P/E ratio of -16.92 and a beta of 1.10.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $71.95 million. On average, sell-side analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of institutional investors have recently made changes to their positions in SMWB. Larson Financial Group LLC bought a new position in shares of Similarweb during the third quarter worth $25,000. Wexford Capital LP bought a new position in Similarweb during the 3rd quarter worth $64,000. Fullcircle Wealth LLC bought a new stake in shares of Similarweb during the 3rd quarter valued at $140,000. MQS Management LLC acquired a new stake in shares of Similarweb in the 2nd quarter valued at $125,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Similarweb during the 2nd quarter valued at $129,000. 57.59% of the stock is owned by institutional investors and hedge funds.

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.