Similarweb (NYSE:SMWB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Similarweb (NYSE:SMWB) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research analysts have also recently weighed in on SMWB. Oppenheimer lifted their target price on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Northland Securities raised 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. Barclays upped their price target on Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Finally, Citigroup lifted their price objective on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.14.

Similarweb Stock Performance

Shares of SMWB stock opened at $8.53 on Friday. The firm has a market capitalization of $747.23 million, a price-to-earnings ratio of -34.12 and a beta of 1.13. Similarweb has a one year low of $2.22 and a one year high of $10.75. The company has a 50 day moving average price of $6.42 and a 200 day moving average price of $4.37.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The company had revenue of $77.19 million for the quarter. As a group, equities analysts forecast that Similarweb will post -0.08 EPS for the current fiscal year.

Insider Activity at Similarweb

In other Similarweb news, Director Harel Moshe Beit-On bought 75,000 shares of Similarweb stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $291,750.00. Following the acquisition, the director owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. The trade was a 0.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barak Eilam purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $3.86 per share, with a total value of $193,000.00. Following the completion of the transaction, the director owned 101,315 shares in the company, valued at $391,075.90. This trade represents a 97.44% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 175,000 shares of company stock worth $692,250.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMWB. Phoenix Financial Ltd. boosted its position 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 during the period. Wellington Management Group LLP raised its holdings in shares of Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after buying an additional 1,525,230 shares during the period. Nuveen LLC lifted its position in Similarweb by 2.5% during the 4th quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock worth $11,388,000 after acquiring an additional 37,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Similarweb by 2.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company’s stock worth $8,784,000 after acquiring an additional 23,881 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Similarweb by 0.4% in the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after acquiring an additional 3,170 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

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.