Similarweb Ltd. (NYSE:SMWB) Receives $10.14 Consensus PT from Brokerages

Similarweb Ltd. (NYSE:SMWB) has been given an average rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.1429.

A number of equities research analysts recently issued reports on SMWB shares. Barclays boosted their price objective on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $10.00 in a research report on Wednesday, August 12th. Oppenheimer upped their price target on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th.

Insider Activity

In other Similarweb news, CEO Or Offer sold 383,127 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00. Following the sale, the chief executive officer owned 4,598,291 shares in the company, valued at $41,384,619. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 1,092,724 shares of company stock worth $9,702,046 in the last quarter. Corporate insiders own 62.40% of the company’s stock.

Institutional Trading of Similarweb

A number of hedge funds and other institutional investors have recently made changes to their positions in SMWB. Phoenix Financial Ltd. lifted its holdings in shares of Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after buying an additional 1,292,700 shares in the last quarter. Lavelle Capital LP purchased a new position in Similarweb during the first quarter valued at approximately $529,000. Renaissance Technologies LLC increased its holdings in Similarweb by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock worth $1,931,000 after acquiring an additional 378,200 shares during the period. Militia Capital Management LLC bought a new stake in Similarweb during the 1st quarter worth approximately $616,000. Finally, UBS Group AG lifted its stake in Similarweb by 71.4% in the 4th quarter. UBS Group AG now owns 536,549 shares of the company’s stock worth $4,019,000 after purchasing an additional 223,562 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

Similarweb Trading Down 1.1%

Similarweb stock opened at $8.68 on Thursday. Similarweb has a 12 month low of $2.22 and a 12 month high of $10.35. The business’s 50 day simple moving average is $7.38 and its 200 day simple moving average is $4.71. The company has a market cap of $760.37 million, a price-to-earnings ratio of -34.72 and a beta of 1.21.

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

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.