Similarweb Ltd. (NYSE:SMWB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Similarweb Ltd. (NYSE:SMWB) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.8750.

Several equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $11.00 target price on shares of Similarweb in a report on Friday, November 14th. Citigroup restated a “market outperform” rating on shares of Similarweb in a report on Monday. Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of Similarweb in a research report on Monday, November 17th. Finally, Oppenheimer decreased their target price on shares of Similarweb from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday.

Institutional Trading of Similarweb

Several large investors have recently modified their holdings of SMWB. Menora Mivtachim Holdings LTD. increased its position in shares of Similarweb by 37.9% during the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after acquiring an additional 881,652 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Similarweb by 3.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock valued at $28,887,000 after purchasing an additional 100,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after purchasing an additional 1,525,230 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in Similarweb by 299.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after purchasing an additional 1,233,928 shares during the last quarter. Finally, CenterBook Partners LP raised its position in shares of Similarweb by 78.5% in the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock valued at $11,304,000 after purchasing an additional 634,114 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Trading Down 3.2%

NYSE:SMWB opened at $6.97 on Friday. The firm’s fifty day simple moving average is $8.02 and its 200 day simple moving average is $8.47. Similarweb has a twelve month low of $6.36 and a twelve month high of $17.64. The firm has a market capitalization of $591.54 million, a price-to-earnings ratio of -18.84 and a beta of 1.09.

Similarweb (NYSE:SMWB) last released 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 company 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, analysts predict that Similarweb will post -0.24 earnings per share for the current year.

Similarweb Company Profile

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.