Similarweb (NYSE:SMWB) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Key Points

• Similarweb reported a quarterly earnings loss of ($0.06) per share, missing the consensus estimate of ($0.01) by ($0.05).
• Despite the earnings miss, Similarweb's stock rose by 3.2%, trading at $7.09 following the announcement.
• Analysts have adjusted their price targets downwards, with Goldman Sachs lowering its target from $13.00 to $10.00, maintaining a "buy" rating.

Similarweb (NYSE:SMWB - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05), Zacks reports. Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. Similarweb updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Similarweb Stock Up 3.2%

SMWB traded up $0.22 during trading on Tuesday, hitting $7.09. The company's stock had a trading volume of 639,609 shares, compared to its average volume of 608,374. The firm's 50 day moving average price is $8.11 and its two-hundred day moving average price is $8.90. Similarweb has a 12 month low of $6.36 and a 12 month high of $17.64. The stock has a market capitalization of $601.73 million, a price-to-earnings ratio of -32.23 and a beta of 1.11.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays decreased their price target on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Finally, Citigroup decreased their price target on Similarweb from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Similarweb has an average rating of "Buy" and a consensus target price of $15.00.

Similarweb Company Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.