Similarweb Ltd. $SMWB Shares Acquired by First Eagle Investment Management LLC

Key Points

• First Eagle Investment Management increased its stake in Similarweb by 221.5% in Q3, adding 375,496 shares to hold 545,001 shares (0.64% of the company) worth roughly $5.07 million, while institutional investors now own 57.59% of the stock.
• Shares trade around $2.71, well below the 50‑day ($5.15) and 200‑day ($7.42) moving averages, with a market cap of $235.2M and a negative PE (-6.94); the company beat EPS estimates last quarter ($0.03 vs $0.01) but missed revenue and remains unprofitable with negative margins and ROE, and analysts expect -0.24 EPS for the fiscal year.
• Analyst coverage is mixed with a consensus Hold rating and an average price target of $8.14 (4 Buy, 6 Hold, 1 Sell), and several firms have recently downgraded the stock.

First Eagle Investment Management LLC lifted its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 221.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 545,001 shares of the company's stock after acquiring an additional 375,496 shares during the period. First Eagle Investment Management LLC owned 0.64% of Similarweb worth $5,069,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fullcircle Wealth LLC acquired a new stake in shares of Similarweb in the 3rd quarter valued at about $140,000. Fox Run Management L.L.C. acquired a new stake in shares of Similarweb in the second quarter valued at approximately $129,000. Nebula Research & Development LLC purchased a new position in shares of Similarweb during the second quarter worth approximately $146,000. Man Group plc purchased a new position in shares of Similarweb during the second quarter worth approximately $209,000. Finally, SG Americas Securities LLC acquired a new position in shares of Similarweb in the 2nd quarter valued at $255,000. Hedge funds and other institutional investors own 57.59% of the company's stock.

Similarweb Price Performance

Similarweb stock opened at $2.71 on Thursday. The stock's 50 day moving average price is $5.15 and its 200 day moving average price is $7.42. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75. The company has a market cap of $235.23 million, a PE ratio of -6.94 and a beta of 1.17.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm 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, equities research analysts anticipate that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Northland Securities cut Similarweb from an "outperform" rating to a "market perform" rating and set a $5.00 price target on the stock. in a research report on Wednesday, February 18th. William Blair downgraded Similarweb from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Barclays set a $7.00 price target on Similarweb in a research note on Thursday, February 19th. Jefferies Financial Group reaffirmed a "buy" rating and set a $11.00 price target on shares of Similarweb in a report on Friday, November 14th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Similarweb in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $8.14.

Similarweb 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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