Similarweb Ltd. (NYSE:SMWB) Short Interest Update

Similarweb Ltd. (NYSE:SMWBGet Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 258,981 shares, a decline of 54.8% from the April 15th total of 573,412 shares. Based on an average trading volume of 564,748 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Similarweb

Several institutional investors have recently added to or reduced their stakes in the stock. Phoenix Financial Ltd. lifted its position in Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after acquiring an additional 1,292,700 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after acquiring an additional 881,652 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Similarweb by 3.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock valued at $28,887,000 after acquiring an additional 100,000 shares in the last quarter. Wellington Management Group LLP lifted its position in Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after acquiring an additional 1,525,230 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its position in Similarweb by 299.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after acquiring an additional 1,233,928 shares in the last quarter. 57.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Citigroup lowered shares of Similarweb from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Wall Street Zen cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Three equities research 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’s stock. Based on data from MarketBeat, Similarweb presently has a consensus rating of “Hold” and an average price target of $7.07.

Check Out Our Latest Research Report on SMWB

Key Stories Impacting Similarweb

Here are the key news stories impacting Similarweb this week:

Similarweb Price Performance

Shares of NYSE SMWB traded up $0.09 during midday trading on Friday, reaching $3.16. 680,073 shares of the stock were exchanged, compared to its average volume of 750,806. The business has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $5.10. The company has a market capitalization of $277.08 million, a price-to-earnings ratio of -9.04 and a beta of 1.11. Similarweb has a 12 month low of $2.22 and a 12 month high of $10.75.

Similarweb (NYSE:SMWBGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. Equities research analysts expect that Similarweb will post -0.09 earnings per share for the current fiscal year.

Similarweb Company Profile

(Get Free Report)

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.

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