Similarweb (NYSE:SMWB) Upgraded at Wall Street Zen

Similarweb (NYSE:SMWB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also commented on SMWB. Oppenheimer reduced their price target on Similarweb from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a $11.00 target price on shares of Similarweb in a report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a research report on Monday. Citigroup reiterated a “market outperform” rating on shares of Similarweb in a research report on Monday. Finally, Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of Similarweb in a report on Monday, November 17th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.88.

Similarweb Price Performance

NYSE:SMWB opened at $6.97 on Friday. Similarweb has a one year low of $6.36 and a one year high of $17.64. The company has a market cap of $591.54 million, a PE ratio of -18.84 and a beta of 1.09. The firm’s 50 day simple moving average is $8.02 and its 200 day simple moving average is $8.47.

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

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in Similarweb during the third quarter worth $25,000. Wexford Capital LP bought a new stake in shares of Similarweb in the 3rd quarter worth $64,000. MQS Management LLC bought a new stake in shares of Similarweb in the 2nd quarter worth $125,000. Fox Run Management L.L.C. purchased a new stake in shares of Similarweb in the second quarter valued at about $129,000. Finally, ANTIPODES PARTNERS Ltd lifted its position in shares of Similarweb by 8.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock valued at $137,000 after purchasing an additional 1,344 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.