Oppenheimer Issues Pessimistic Forecast for Similarweb (NYSE:SMWB) Stock Price

Similarweb (NYSE:SMWB) had its price target reduced by Oppenheimer from $10.00 to $7.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 60.37% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of Similarweb in a research report on Monday, November 17th. Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. The Goldman Sachs Group downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 target price for the company. in a research note on Tuesday, January 13th. Finally, Barclays cut their target price on shares of Similarweb from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Similarweb currently has an average rating of “Moderate Buy” and a consensus price target of $11.07.

Similarweb Price Performance

SMWB opened at $4.37 on Wednesday. The firm has a 50 day simple moving average of $6.72 and a 200 day simple moving average of $8.06. Similarweb has a fifty-two week low of $4.10 and a fifty-two week high of $17.64. The company has a market cap of $370.44 million, a price-to-earnings ratio of -11.80 and a beta of 1.09.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMWB. Wellington Management Group LLP raised its holdings in shares of Similarweb by 163.6% during the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after acquiring an additional 1,525,230 shares during the period. Phoenix Financial Ltd. increased its holdings in Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after purchasing an additional 1,292,700 shares in the last quarter. Penn Capital Management Company LLC raised its stake in shares of Similarweb by 299.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after purchasing an additional 1,233,928 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in shares of Similarweb by 37.9% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after purchasing an additional 881,652 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Similarweb in the 3rd quarter valued at about $7,903,000. Institutional investors and hedge funds 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.