Similarweb Ltd. $SMWB Shares Bought by UBS Group AG

UBS Group AG boosted its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 71.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 536,549 shares of the company’s stock after acquiring an additional 223,562 shares during the period. UBS Group AG owned about 0.63% of Similarweb worth $4,019,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SMWB. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 1,525,230 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings 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 purchasing an additional 1,233,928 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings 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 purchasing an additional 881,652 shares in the last quarter. New York State Common Retirement Fund purchased a new position in Similarweb in the 3rd quarter valued at $7,903,000. Finally, Royce & Associates LP acquired a new stake in shares of Similarweb in the third quarter valued at about $4,597,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Trading Up 9.0%

Similarweb stock opened at $4.12 on Friday. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75. The stock has a market cap of $361.00 million, a P/E ratio of -11.77 and a beta of 1.11. The company has a 50-day moving average price of $2.84 and a 200 day moving average price of $4.93.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price for the company. in a research report on Wednesday, February 18th. Barclays reduced their target price on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and reduced their target price for the company from $8.50 to $3.00 in a research report on Friday, April 10th. Needham & Company LLC cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Similarweb presently has an average rating of “Hold” and an average price target of $7.07.

Insider Activity at Similarweb

In related news, CEO Or Offer bought 53,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $3.58 per share, with a total value of $189,740.00. Following the completion of the purchase, the chief executive officer directly owned 4,694,396 shares in the company, valued at $16,805,937.68. This represents a 1.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tamar Rapaport-Dagim bought 40,000 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $3.22 per share, with a total value of $128,800.00. Following the purchase, the director owned 63,584 shares of the company’s stock, valued at $204,740.48. This trade represents a 169.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 221,105 shares of company stock worth $813,226. 62.40% of the stock is owned by corporate insiders.

Similarweb 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.