Similarweb Ltd. (NYSE:SMWB) Given Average Recommendation of “Hold” by Analysts

Similarweb Ltd. (NYSE:SMWB) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.1429.

SMWB has been the subject of a number of recent research reports. Wall Street Zen cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Jefferies Financial Group restated a “buy” rating and issued a $11.00 price target on shares of Similarweb in a research note on Friday, November 14th. Citigroup cut their price target on Similarweb from $11.00 to $8.50 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Needham & Company LLC downgraded Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th.

Similarweb Stock Performance

Similarweb stock opened at $2.71 on Thursday. Similarweb has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The stock’s 50 day simple moving average is $5.15 and its two-hundred day simple moving average is $7.42. The stock has a market cap of $235.23 million, a price-to-earnings ratio of -6.94 and a beta of 1.17.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, February 17th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $72.76 million during the quarter, compared to analysts’ expectations of $76.45 million. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%. On average, analysts predict that Similarweb will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMWB. New York State Common Retirement Fund bought a new stake in shares of Similarweb during the third quarter valued at approximately $7,903,000. First Eagle Investment Management LLC purchased a new position in shares of Similarweb in the second quarter worth $1,329,000. Jefferies Financial Group Inc. bought a new position in shares of Similarweb during the second quarter valued at $282,000. SG Americas Securities LLC purchased a new stake in shares of Similarweb during the second quarter valued at $255,000. Finally, CenterBook Partners LP increased its holdings in Similarweb by 78.5% in the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock worth $11,304,000 after buying an additional 634,114 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.