Similarweb (SMWB) Scheduled to Post Quarterly Earnings on Tuesday

Similarweb (NYSE:SMWB – Get Rating) will be announcing its earnings results after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter. Similarweb has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Similarweb (NYSE:SMWB – Get Rating) last issued its earnings results on Wednesday, February 16th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Similarweb had a negative net margin of 50.10% and a negative return on equity of 178.53%. The company had revenue of $40.15 million during the quarter, compared to analyst estimates of $37.74 million. On average, analysts expect Similarweb to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of Similarweb stock opened at $12.59 on Tuesday. Similarweb has a fifty-two week low of $11.50 and a fifty-two week high of $25.50. The company has a 50 day moving average of $13.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in SMWB. Canada Pension Plan Investment Board bought a new position in Similarweb during the fourth quarter worth $81,000. JPMorgan Chase & Co. raised its stake in Similarweb by 2,440.3% during the fourth quarter. JPMorgan Chase & Co. now owns 7,621 shares of the company’s stock worth $136,000 after buying an additional 7,321 shares during the last quarter. Morgan Stanley bought a new position in Similarweb during the second quarter worth $175,000. Squarepoint Ops LLC bought a new position in Similarweb during the fourth quarter worth $219,000. Finally, Bank of America Corp DE bought a new position in Similarweb during the fourth quarter worth $471,000. 42.87% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on SMWB shares. Citigroup cut their target price on shares of Similarweb from $32.00 to $23.00 in a research report on Friday, February 11th. Barclays raised shares of Similarweb from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Wednesday, February 23rd. Jefferies Financial Group raised their price target on shares of Similarweb from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. Finally, Zacks Investment Research raised shares of Similarweb from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Similarweb has a consensus rating of “Buy” and an average price target of $26.57.

Similarweb Company Profile (Get Rating)

Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.

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