Similarweb Ltd. (NYSE:SMWB) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Similarweb, with one sell, five hold, and four buy ratings. The average 12-month price target is $10.14.
• Similarweb reported quarterly earnings of $0.06 per share on revenue of $77.19 million, but continues to post a negative net margin of 7.37% and negative return on equity of 19.81%.
• The stock opened at $9.04, up 1.2%, after rising substantially from its 12-month low of $2.22. CEO Or Offer sold 134,992 shares at an average price of $8.87, while insiders and institutions own 62.40% and 57.59% of shares, respectively.

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have received a consensus recommendation of "Hold" from the ten ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.1429.

A number of research analysts recently issued reports on SMWB shares. Citigroup lifted their target price on Similarweb from $7.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Barclays raised their price objective on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Northland Securities raised shares of Similarweb from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Finally, Oppenheimer increased their target price on shares of Similarweb from $7.00 to $8.50 and gave the company an "outperform" rating in a research note on Wednesday, August 5th.

Similarweb Trading Up 1.2%

Shares of NYSE SMWB opened at $9.04 on Thursday. Similarweb has a 12-month low of $2.22 and a 12-month high of $10.75. The company has a market cap of $791.90 million, a PE ratio of -36.16 and a beta of 1.14. The stock has a 50 day simple moving average of $6.99 and a 200-day simple moving average of $4.55.

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

Insider Transactions at Similarweb

In other news, CEO Or Offer sold 134,992 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04. Following the sale, the chief executive officer owned 4,598,291 shares in the company, valued at $40,786,841.17. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 62.40% of the company's stock.

Institutional Trading of Similarweb

Several hedge funds and other institutional investors have recently modified their holdings of SMWB. Phoenix Financial Ltd. raised its position in Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company's stock valued at $32,101,000 after buying an additional 1,292,700 shares during the period. Wellington Management Group LLP lifted its stake in Similarweb by 22.2% in the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company's stock worth $22,219,000 after acquiring an additional 657,928 shares in the last quarter. Nuveen LLC boosted its position in Similarweb by 2.5% during the 4th quarter. Nuveen LLC now owns 1,520,398 shares of the company's stock worth $11,388,000 after acquiring an additional 37,457 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Similarweb by 2.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company's stock worth $8,784,000 after acquiring an additional 23,881 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Similarweb by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company's stock valued at $6,388,000 after acquiring an additional 3,170 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source