Similarweb Ltd. (NYSE:SMWB) Short Interest Down 54.8% in April

Key Points

• Short interest in Similarweb fell sharply in April, dropping 54.8% to 258,981 shares as of April 30. That leaves just 0.3% of the float sold short, with a very low 0.5-day short-interest ratio.
• Recent business updates were generally positive, including Q1 results that met EPS expectations and slightly beat revenue estimates, plus full-year 2026 revenue guidance of $307 million to $315 million. The company also highlighted AI-related momentum and a data-coverage expansion with Manus.
• Analyst sentiment remains cautious, with several firms cutting ratings or price targets and the stock carrying an overall “Hold” consensus. Similarweb has also begun CEO succession planning, which adds some leadership-transition uncertainty.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 258,981 shares, a drop of 54.8% from the April 15th total of 573,412 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 564,748 shares, the short-interest ratio is currently 0.5 days.

Similarweb News Roundup

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Similarweb reported Q1 2026 results that met EPS expectations and came in slightly ahead of revenue estimates, with management and post-earnings coverage highlighting strong revenue growth and AI-related momentum. Similarweb Ltd (SMWB) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic AI ...
• Positive Sentiment: The company outlined full-year 2026 revenue guidance of $307 million to $315 million, which signals management confidence in continued growth after the quarter. Similarweb outlines $307M-$315M 2026 revenue outlook as CEO transition is expected by mid-2027
• Positive Sentiment: Similarweb and Manus expanded data coverage to provide deeper digital marketing insights and support smarter AI agents, a potential product and partnership tailwind. Similarweb and Manus Expand Data Coverage, Enabling Deeper Digital Marketing Insights and Smarter AI Agents
• Neutral Sentiment: The board tightened executive pay policy and adjusted audit committee leadership ahead of the May 28 annual meeting, which is more of a governance update than a direct business catalyst. Similarweb Tightens Executive Pay Policy and Adjusts Audit Committee Leadership Ahead of May 28 AGM
• Neutral Sentiment: Coverage from analysts has been mixed, with some comparing Similarweb to other technology names and noting disagreement on valuation and outlook. Analysts Conflicted on These Technology Names: Similarweb (SMWB) and Riskified (RSKD)
• Negative Sentiment: Similarweb also said it is beginning CEO succession planning, which can create some uncertainty around leadership transition even though the timing suggests an orderly process. Similarweb Initiates CEO Succession Planning Process

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northland Securities cut shares of Similarweb from an "outperform" rating to a "market perform" rating and set a $5.00 price target for the company. in a report on Wednesday, February 18th. Barclays reduced their target price on shares of Similarweb from $7.00 to $5.00 and set an "overweight" rating for the company in a report on Monday, April 20th. William Blair cut shares of Similarweb from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. Citizens Jmp cut shares of Similarweb from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Similarweb from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Similarweb has an average rating of "Hold" and a consensus price target of $7.07.

Institutional Trading of Similarweb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in Similarweb during the third quarter valued at $25,000. Wexford Capital LP acquired a new stake in Similarweb during the third quarter valued at $64,000. Brooklyn Investment Group acquired a new stake in Similarweb during the fourth quarter valued at $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb in the fourth quarter valued at about $90,000. Finally, Fullcircle Wealth LLC acquired a new stake in shares of Similarweb in the third quarter valued at about $140,000. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Performance

Shares of Similarweb stock traded up $0.09 during trading on Friday, hitting $3.16. 680,073 shares of the company's stock were exchanged, compared to its average volume of 750,806. The stock has a market capitalization of $277.08 million, a price-to-earnings ratio of -9.04 and a beta of 1.11. The business has a 50-day simple moving average of $2.74 and a 200-day simple moving average of $5.10. Similarweb has a 52-week low of $2.22 and a 52-week high of $10.75.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. On average, equities analysts anticipate that Similarweb will post -0.09 earnings per share for the current fiscal year.

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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