Similarweb Ltd. (NYSE:SMWB) Receives Average Recommendation of “Hold” from Analysts

Similarweb Ltd. (NYSE:SMWB) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.1429.

A number of research firms recently weighed in on SMWB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Citigroup reduced their price objective on Similarweb from $11.00 to $8.50 and set a “buy” rating for the company in a research note on Friday, February 20th. Needham & Company LLC downgraded Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Oppenheimer lowered their target price on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Finally, Barclays set a $7.00 target price on Similarweb in a report on Thursday, February 19th.

Similarweb Stock Up 0.4%

SMWB opened at $2.53 on Monday. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The company has a fifty day moving average of $3.68 and a 200-day moving average of $6.58. The stock has a market cap of $220.01 million, a PE ratio of -6.49 and a beta of 1.17.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Similarweb during the second quarter valued at about $255,000. Swiss National Bank raised its holdings in shares of Similarweb by 9.8% in the 2nd quarter. Swiss National Bank now owns 87,474 shares of the company’s stock worth $686,000 after acquiring an additional 7,800 shares during the last quarter. Jump Financial LLC bought a new position in Similarweb in the 2nd quarter valued at about $1,457,000. Formula Growth Ltd. bought a new position in Similarweb in the 2nd quarter valued at about $784,000. Finally, Federated Hermes Inc. boosted its stake in Similarweb by 52.4% during the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after purchasing an additional 16,500 shares during the last quarter. 57.59% of the stock is owned by 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.