Similarweb (NYSE:SMWB) Trading 5.9% Higher - Time to Buy?

Key Points

• Similarweb shares rose 5.9% to $8.73, despite trading volume running about 80% below the average session level. The stock’s 50-day and 200-day moving averages are $6.75 and $4.46, respectively.
• Analyst sentiment is mixed but improving: the consensus rating remains “Hold”, with an average price target of $10.14, while Barclays and Northland Securities recently raised their targets to $11 and $10.
• Similarweb reported quarterly EPS of $0.06 on $77.19 million in revenue, but remains unprofitable with a negative 7.37% net margin. CEO Or Offer sold 574,605 shares for about $5.1 million, reducing his stake by 11.11%.

Similarweb Ltd. (NYSE:SMWB - Get Free Report)'s stock price traded up 5.9% on Monday . The stock traded as high as $8.69 and last traded at $8.73. Approximately 174,700 shares were traded during trading, a decline of 80% from the average session volume of 894,964 shares. The stock had previously closed at $8.24.

Analyst Ratings Changes

A number of research analysts recently commented on SMWB shares. Wall Street Zen upgraded Similarweb from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Barclays boosted their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Northland Securities raised shares of Similarweb from a "market perform" rating to an "outperform" rating and upped their target price for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a research report on Wednesday, August 12th. Finally, Oppenheimer raised their price target on shares of Similarweb from $7.00 to $8.50 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Similarweb presently has a consensus rating of "Hold" and an average target price of $10.14.

Similarweb Stock Up 5.6%

The company has a market capitalization of $762.48 million, a P/E ratio of -34.88 and a beta of 1.14. The stock has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $4.46.

Similarweb (NYSE:SMWB - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $77.19 million for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. Analysts predict that Similarweb Ltd. will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Similarweb

In related news, CEO Or Offer sold 574,605 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $8.80, for a total transaction of $5,056,524.00. Following the sale, the chief executive officer directly owned 4,598,291 shares in the company, valued at $40,464,960.80. This represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 62.40% of the stock is owned by insiders.

Institutional Trading of Similarweb

Several large investors have recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in shares of Similarweb in the 3rd quarter valued at about $25,000. New York State Common Retirement Fund raised its holdings in Similarweb by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company's stock worth $6,388,000 after acquiring an additional 3,170 shares in the last quarter. PDT Partners LLC raised its holdings in Similarweb by 3.9% during the second quarter. PDT Partners LLC now owns 98,388 shares of the company's stock worth $771,000 after acquiring an additional 3,717 shares in the last quarter. Lazard Asset Management LLC boosted its position in Similarweb by 31.9% during the third quarter. Lazard Asset Management LLC now owns 19,761 shares of the company's stock valued at $184,000 after purchasing an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Similarweb by 13.7% in the third quarter. Legal & General Group Plc now owns 43,374 shares of the company's stock valued at $403,000 after purchasing an additional 5,235 shares in the last quarter. Institutional investors 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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