Similarweb (NYSE:SMWB) Director Barak Eilam Buys 50,000 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) Director Barak Eilam acquired 50,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $3.86 per share, for a total transaction of $193,000.00. Following the acquisition, the director owned 101,315 shares of the company’s stock, valued at approximately $391,075.90. The trade was a 97.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Similarweb Stock Performance

Shares of SMWB stock opened at $4.12 on Friday. The stock’s 50-day moving average is $2.84 and its two-hundred day moving average is $4.93. The firm has a market cap of $361.00 million, a price-to-earnings ratio of -11.77 and a beta of 1.11. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The company had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. As a group, research analysts predict that Similarweb Ltd. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Similarweb

A number of hedge funds 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 valued at approximately $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb in the 3rd quarter worth approximately $64,000. Brooklyn Investment Group purchased a new position in Similarweb in the 4th quarter valued at approximately $85,000. Boothbay Fund Management LLC purchased a new position in Similarweb in the 4th quarter valued at approximately $90,000. Finally, Fullcircle Wealth LLC purchased a new position in Similarweb in the 3rd quarter valued at approximately $140,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Analysts Set New Price Targets

SMWB has been the topic of a number of research reports. William Blair lowered Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Citigroup lowered Similarweb from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Wall Street Zen lowered Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Oppenheimer lowered their price target 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 lowered their price target on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.07.

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.