Similarweb (NYSE:SMWB) Stock Price Down 5.1% - Time to Sell?

Shares of Similarweb Ltd. (NYSE:SMWB - Get Free Report) traded down 5.1% during mid-day trading on Friday . The stock traded as low as $8.23 and last traded at $8.24. 91,500 shares were traded during mid-day trading, a decline of 81% from the average session volume of 490,717 shares. The stock had previously closed at $8.68.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group dropped their price target on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Barclays dropped their target price on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $15.75.

Similarweb Trading Up 0.7%

The company has a 50 day moving average price of $7.82 and a 200 day moving average price of $9.86. The firm has a market cap of $688.64 million, a PE ratio of -37.88 and a beta of 1.10.

Similarweb (NYSE:SMWB - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). Similarweb had a negative net margin of 6.97% and a negative return on equity of 71.14%. The company had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.37 million. As a group, equities research analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new position in Similarweb in the 4th quarter valued at $115,000. Heck Capital Advisors LLC acquired a new stake in shares of Similarweb during the 4th quarter worth $115,000. Fullcircle Wealth LLC acquired a new stake in shares of Similarweb during the 1st quarter worth $117,000. Public Employees Retirement System of Ohio increased its holdings in shares of Similarweb by 25.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock worth $140,000 after buying an additional 2,000 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Similarweb by 70.1% during the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company's stock worth $152,000 after buying an additional 7,566 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.

About Similarweb

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.