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

Key Points

• Wall Street Zen downgraded Similarweb from “strong-buy” to “buy,” while the broader analyst consensus remains “Hold” with a $10.14 price target.
• Similarweb shares opened at $8.07, with the stock trading between a 52-week low of $2.22 and high of $10.35. The company reported quarterly revenue of $77.19 million and earnings per share of $0.06.
• Insider selling increased: CEO Or Offer sold 574,605 shares worth about $5.1 million, contributing to more than $10.9 million in insider sales over the past 90 days.

Similarweb (NYSE:SMWB - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer boosted their target price on shares of Similarweb from $7.00 to $8.50 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Citigroup lifted their price target on Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Barclays boosted their price objective on Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Finally, Northland Securities upgraded Similarweb from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.14.

Similarweb Stock Down 0.4%

NYSE SMWB opened at $8.07 on Friday. The company has a market cap of $706.67 million, a PE ratio of -32.27 and a beta of 1.21. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.35. The firm's 50-day simple moving average is $7.72 and its two-hundred day simple moving average is $4.95.

Similarweb (NYSE:SMWB - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The firm had revenue of $77.19 million during the quarter.

Insider Activity at Similarweb

In other news, CEO Or Offer sold 574,605 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $8.80, for a total value of $5,056,524.00. Following the transaction, the chief executive officer owned 4,598,291 shares of the company's stock, valued at approximately $40,464,960.80. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 1,239,724 shares of company stock worth $10,903,255. 62.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Similarweb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Jump Financial LLC bought a new position in Similarweb in the 2nd quarter worth about $1,457,000. Federated Hermes Inc. boosted its position in shares of 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 acquiring an additional 16,500 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Similarweb during the 2nd quarter valued at about $878,000. Nebula Research & Development LLC purchased a new position in shares of Similarweb during the second quarter worth about $146,000. Finally, California State Teachers Retirement System grew its holdings in shares of Similarweb by 29.7% during the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company's stock worth $389,000 after purchasing an additional 11,356 shares in the last quarter. 57.59% of the stock is currently 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.

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