Similarweb (NYSE:SMWB) Stock Rating Lowered by Wall Street Zen

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

Several other equities analysts have also issued reports on the company. Northland Securities lowered Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research note on Wednesday. Oppenheimer dropped their price objective on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday. The Goldman Sachs Group downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a research note on Tuesday, January 13th. Finally, Barclays set a $7.00 price objective on Similarweb in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Similarweb currently has an average rating of “Hold” and a consensus price target of $8.14.

Similarweb Stock Up 8.8%

Shares of Similarweb stock opened at $2.80 on Friday. The firm has a market cap of $237.21 million, a PE ratio of -7.17 and a beta of 1.09. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.75. The business’s fifty day simple moving average is $5.86 and its 200-day simple moving average is $7.70.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%.The firm had revenue of $72.76 million during the quarter, compared to the consensus estimate of $76.45 million. As a group, equities analysts expect that Similarweb will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SMWB. Wellington Management Group LLP raised its stake in 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. boosted 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 grew 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 purchasing an additional 1,233,928 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its position in shares of Similarweb by 37.9% during the 3rd 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 acquired a new stake in shares of Similarweb during the 3rd quarter worth approximately $7,903,000. 57.59% of the stock is owned by institutional investors and hedge funds.

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.