Similarweb (NYSE:SMWB) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Similarweb to “buy” from “hold,” though the broader analyst consensus remains “hold,” with four buys, five holds and one sell and an average price target of $10.14.
• Similarweb reported quarterly revenue of $77.19 million and earnings of $0.06 per share, but continues to have negative profitability, including a 7.37% net margin and a projected full-year loss of $0.08 per share.
• The stock opened at $8.88, up significantly from its 52-week low of $2.22, while insiders bought 271,105 shares worth about $1.02 million in the past quarter; insiders own 62.4% of the company and institutions own 57.59%.

Similarweb (NYSE:SMWB - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other research firms have also issued reports on SMWB. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a research report on Wednesday. Citigroup boosted their price objective on shares of Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday. Barclays upped their price objective on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a research note on Thursday. Northland Securities upgraded shares of 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. Finally, Oppenheimer lifted 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. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.14.

Similarweb Trading Down 1.5%

NYSE:SMWB opened at $8.88 on Friday. The firm has a market capitalization of $777.45 million, a price-to-earnings ratio of -35.50 and a beta of 1.14. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The business's fifty day moving average price is $6.34 and its 200 day moving average price is $4.36.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.The firm had revenue of $77.19 million during the quarter. Equities analysts forecast that Similarweb will post -0.08 earnings per share for the current year.

Insider Transactions at Similarweb

In other Similarweb news, Director Tamar Rapaport-Dagim acquired 40,000 shares of the business's stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the transaction, the director owned 63,584 shares in the company, valued at $204,740.48. The trade was a 169.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Barak Eilam acquired 50,000 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $3.86 per share, for a total transaction of $193,000.00. Following the transaction, the director owned 101,315 shares of the company's stock, valued at approximately $391,075.90. This represents a 97.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 271,105 shares of company stock valued at $1,020,726 in the last quarter. Corporate insiders own 62.40% of the company's stock.

Institutional Investors Weigh In On Similarweb

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in Similarweb during the third quarter worth $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb in the third quarter worth about $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb in the fourth quarter worth about $85,000. Boothbay Fund Management LLC bought a new stake in shares of Similarweb during the 4th quarter worth about $90,000. Finally, Nebula Research & Development LLC acquired a new position in shares of Similarweb during the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 57.59% of the company's stock.

About Similarweb

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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