Shares of Similarweb Ltd. (NYSE:SMWB – Get Free Report) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.1429.
SMWB has been the subject of a number of research reports. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and raised their price target for the company from $5.00 to $10.00 in a report on Wednesday, August 12th. Wall Street Zen raised Similarweb from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Citigroup lifted their target price on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Oppenheimer boosted their target price on Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th.
Check Out Our Latest Stock Analysis on Similarweb
Similarweb Stock Down 1.5%
Similarweb (NYSE:SMWB – Get Free Report) last announced its 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 during the quarter.
Insider Buying and Selling
In related news, CEO Or Offer sold 383,127 shares of Similarweb stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $9.00, for a total value of $3,448,143.00. Following the completion of the sale, the chief executive officer directly owned 4,598,291 shares in the company, valued at $41,384,619. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,092,724 shares of company stock valued at $9,702,046 in the last three months. 62.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SMWB. Larson Financial Group LLC bought a new stake in shares of Similarweb during the third quarter worth approximately $25,000. Wexford Capital LP acquired a new position in Similarweb in the third quarter valued at approximately $64,000. Brooklyn Investment Group bought a new position in Similarweb in the fourth quarter valued at approximately $85,000. Boothbay Fund Management LLC bought a new position in Similarweb in the fourth quarter valued at approximately $90,000. Finally, Nebula Research & Development LLC acquired a new stake in Similarweb during the 2nd quarter worth $146,000. Institutional investors 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.
Further Reading
- Five stocks we like better than Similarweb
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Similarweb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Similarweb and related companies with MarketBeat.com's FREE daily email newsletter.
