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

Similarweb Ltd. (NYSE:SMWB) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.0714.

A number of brokerages have recently issued reports on SMWB. The Goldman Sachs Group downgraded Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price objective on the stock. in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Citigroup reissued a “market outperform” rating on shares of Similarweb in a research note on Monday, December 15th. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Similarweb in a report on Monday, November 17th. Finally, Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th.

Similarweb Stock Performance

Shares of NYSE SMWB opened at $4.69 on Friday. The company’s 50 day moving average price is $6.65 and its 200-day moving average price is $8.03. Similarweb has a 52-week low of $4.10 and a 52-week high of $17.64. The company has a market capitalization of $398.04 million, a P/E ratio of -12.68 and a beta of 1.09.

Similarweb (NYSE:SMWB) last announced its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $71.79 million during the quarter, compared to the consensus estimate of $71.95 million. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. Analysts forecast that Similarweb will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On Similarweb

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after buying an additional 1,525,230 shares in the last quarter. Phoenix Financial Ltd. grew its stake in Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after acquiring an additional 1,292,700 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of Similarweb by 299.4% during the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after acquiring an additional 1,233,928 shares in the last quarter. Menora Mivtachim Holdings LTD. raised 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 purchasing an additional 881,652 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Similarweb in the 3rd quarter worth $7,903,000. Institutional investors own 57.59% of the company’s stock.

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.