Similarweb Ltd. (SMWB) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Similarweb, with five buys, five holds and one sell among 11 analysts; the average one-year price target is $9.71.
• Recent rating changes were mixed but included upgrades from Northland Securities and Needham, plus higher price targets from Barclays; targets from these firms range up to $11.
• Insiders sold about 1.76 million shares worth $15.2 million over the past three months. Institutional investors and hedge funds own 57.59% of the stock.

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.71.

Several brokerages have weighed in on SMWB. Northland Securities raised Similarweb from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Barclays increased their price target on Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Similarweb in a research note on Wednesday, August 12th. Zacks Research lowered shares of Similarweb from a "strong-buy" rating to a "hold" rating in a report on Monday, November 2nd. Finally, Needham & Company LLC upgraded shares of Similarweb from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research report on Wednesday, September 16th.

Insider Activity

In related news, CEO Or Offer sold 574,605 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $8.80, for a total transaction of $5,056,524.00. Following the sale, the chief executive officer owned 4,598,291 shares of the company's stock, valued at approximately $40,464,960.80. This trade represents a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 1,760,534 shares of company stock valued at $15,163,145.

Institutional Investors Weigh In On Similarweb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Lavelle Capital LP acquired a new stake in Similarweb in the first quarter valued at $529,000. Renaissance Technologies LLC boosted its holdings in Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company's stock valued at $1,931,000 after acquiring an additional 378,200 shares during the last quarter. Wellington Management Group LLP grew its stake in Similarweb by 22.2% during the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company's stock worth $22,219,000 after purchasing an additional 657,928 shares during the period. Militia Capital Management LLC acquired a new position in shares of Similarweb during the first quarter worth approximately $616,000. Finally, CenterBook Partners LP raised its position in Similarweb by 46.9% in the 3rd quarter. CenterBook Partners LP now owns 881,065 shares of the company's stock valued at $6,837,000 after buying an additional 281,328 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Similarweb Trading Down 1.2%

NYSE:SMWB opened at $8.16 on Tuesday. The company has a market capitalization of $714.55 million, a P/E ratio of -32.63 and a beta of 1.36. Similarweb has a twelve month low of $2.22 and a twelve month high of $9.50. The firm has a 50-day moving average price of $8.47 and a two-hundred day moving average price of $5.62.

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

About Similarweb

Similarweb Ltd. NYSE: SMWB provides digital data and market intelligence through a software-as-a-service platform. The company collects and analyzes data on website and mobile application activity to help organizations understand online audiences, markets, competitors and customer behavior.

Its products support digital marketing, search engine optimization, sales and business development, market research, investor research, e-commerce and shopper intelligence. Customers can use Similarweb's platform to evaluate traffic sources, audience engagement, keyword performance, industry trends and competitive positioning across digital channels.

Similarweb serves enterprises, advertising and marketing agencies, financial institutions, publishers and other organizations in markets around the world.

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