Similarweb (NYSE:SMWB) Director Barak Eilam Acquires 50,000 Shares

Similarweb Ltd. (NYSE:SMWBGet Free Report) Director Barak Eilam acquired 50,000 shares of Similarweb stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $3.86 per share, with a total value of $193,000.00. Following the transaction, the director directly owned 101,315 shares in the company, valued at approximately $391,075.90. The trade was a 97.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Similarweb Price Performance

Shares of Similarweb stock opened at $3.80 on Friday. The firm’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $4.93. The stock has a market capitalization of $332.44 million, a price-to-earnings ratio of -10.84 and a beta of 1.11. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75.

Similarweb (NYSE:SMWBGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business 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%. Analysts anticipate that Similarweb Ltd. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMWB. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. William Blair downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Barclays dropped their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Finally, Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Similarweb presently has an average rating of “Hold” and an average price target of $7.07.

Check Out Our Latest Report on Similarweb

Hedge Funds Weigh In On Similarweb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Phoenix Financial Ltd. boosted its stake in shares of Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after buying an additional 1,292,700 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its position in Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after buying an additional 881,652 shares during the period. Wellington Management Group LLP increased its position in Similarweb by 163.6% in the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after buying an additional 1,525,230 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of Similarweb by 299.4% during the third 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 during the period. Finally, Nuveen LLC increased its holdings in shares of Similarweb by 2.5% during the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after purchasing an additional 37,457 shares during the period. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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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