Similarweb (NYSE:SMWB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Similarweb (NYSE:SMWBFree Report) from a buy rating to a strong-buy rating in a research report report published on Sunday.

Several other research analysts have also recently weighed in on SMWB. Barclays lifted their price target on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Oppenheimer raised their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Citigroup boosted their target price on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Similarweb presently has a consensus rating of “Hold” and a consensus target price of $10.14.

Get Our Latest Stock Analysis on SMWB

Similarweb Stock Performance

NYSE:SMWB opened at $8.95 on Friday. The firm’s fifty day moving average is $6.90 and its two-hundred day moving average is $4.52. The firm has a market cap of $783.93 million, a price-to-earnings ratio of -35.80 and a beta of 1.14. Similarweb has a one year low of $2.22 and a one year high of $10.75.

Similarweb (NYSE:SMWBGet Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $77.19 million during the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.

Insider Transactions at Similarweb

In related news, CEO Or Offer sold 134,992 shares of Similarweb stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $8.87, for a total value of $1,197,379.04. Following the sale, the chief executive officer directly owned 4,598,291 shares in the company, valued at approximately $40,786,841.17. The trade was a 2.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Similarweb

Several hedge funds and other institutional investors have recently made changes to their positions in SMWB. Larson Financial Group LLC acquired a new stake in shares of Similarweb in the third quarter worth approximately $25,000. Wexford Capital LP acquired a new position in Similarweb in the 3rd quarter valued at $64,000. Brooklyn Investment Group purchased a new position in Similarweb in the 4th quarter valued at $85,000. Boothbay Fund Management LLC purchased a new position in Similarweb in the 4th quarter valued at $90,000. Finally, Nebula Research & Development LLC acquired a new stake in Similarweb during the 2nd quarter worth $146,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

About Similarweb

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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.

Further Reading

Analyst Recommendations for Similarweb (NYSE:SMWB)

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