Similarweb (NYSE:SMWB) Shares Gap Up – Time to Buy?

Shares of Similarweb Ltd. (NYSE:SMWB) gapped up before the market opened on Wednesday . The stock had previously closed at $7.14, but opened at $7.70. Similarweb shares last traded at $8.04, with a volume of 288,316 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SMWB shares. Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of Similarweb in a research note on Monday. Citigroup reissued a “market outperform” rating on shares of Similarweb in a report on Tuesday, October 28th. Jefferies Financial Group restated a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a research report on Friday, November 14th. Barclays reaffirmed an “overweight” rating on shares of Similarweb in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research note on Monday. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Similarweb currently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Similarweb Stock Up 12.1%

The firm has a market cap of $679.36 million, a P/E ratio of -21.63 and a beta of 1.09. The firm has a fifty day moving average of $8.92 and a 200-day moving average of $8.48.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, November 11th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. The firm had revenue of $71.79 million during the quarter, compared to analyst estimates of $71.95 million. Similarweb has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Similarweb Ltd. will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in Similarweb in the third quarter worth $25,000. Wexford Capital LP bought a new stake in shares of Similarweb in the 3rd quarter valued at $64,000. MQS Management LLC bought a new stake in shares of Similarweb in the 2nd quarter valued at $125,000. Fox Run Management L.L.C. acquired a new stake in Similarweb during the 2nd quarter worth $129,000. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in Similarweb by 8.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after acquiring an additional 1,344 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.