Similarweb Ltd. (NYSE:SMWB) Short Interest Update

Similarweb Ltd. (NYSE:SMWB) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 467,273 shares, a decline of 18.0% from the December 15th total of 569,708 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 319,574 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 319,574 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the shares of the stock are short sold.

Similarweb Stock Down 4.4%

NYSE SMWB opened at $5.87 on Wednesday. The stock’s 50-day simple moving average is $7.26 and its two-hundred day simple moving average is $8.33. Similarweb has a twelve month low of $5.79 and a twelve month high of $17.64. The company has a market capitalization of $498.36 million, a price-to-earnings ratio of -15.87 and a beta of 1.10.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Tuesday, November 11th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $71.79 million for the quarter, compared to analyst estimates of $71.95 million. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%. On average, equities analysts expect that Similarweb will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Several institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC bought a new stake in Similarweb in the third quarter worth $25,000. Wexford Capital LP purchased a new position in shares of Similarweb in the third quarter worth about $64,000. MQS Management LLC bought a new stake in shares of Similarweb in the 2nd quarter valued at about $125,000. Fox Run Management L.L.C. purchased a new stake in Similarweb during the 2nd quarter valued at about $129,000. Finally, ANTIPODES PARTNERS Ltd grew its position in Similarweb by 8.3% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after acquiring an additional 1,344 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SMWB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a report on Monday, December 29th. The Goldman Sachs Group lowered Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price objective for the company. in a research note on Tuesday, January 13th. Jefferies Financial Group restated a “buy” rating and set a $11.00 target price on shares of Similarweb in a research report on Friday, November 14th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a report on Monday, December 15th. Finally, Oppenheimer cut their price objective on Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Similarweb presently has an average rating of “Moderate Buy” and a consensus target price of $12.56.

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.