Brokerages Set Similarweb Ltd. (NYSE:SMWB) Price Target at $7.07
by Amy Steele · The Cerbat GemShares of Similarweb Ltd. (NYSE:SMWB – Get Free Report) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.0714.
Several equities research analysts have recently issued reports on SMWB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Northland Securities downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research report on Wednesday, February 18th. Finally, Citigroup downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $8.50 to $3.00 in a research report on Friday, April 10th.
View Our Latest Analysis on SMWB
Similarweb Stock Performance
Shares of NYSE:SMWB opened at $2.59 on Friday. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.75. The company has a market capitalization of $226.45 million, a PE ratio of -6.63 and a beta of 1.11. The company has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $5.60.
Similarweb (NYSE:SMWB – Get Free Report) last issued its earnings results on Tuesday, February 17th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. The firm had revenue of $72.76 million during the quarter, compared to the consensus estimate of $76.45 million. On average, sell-side analysts forecast that Similarweb will post -0.09 earnings per share for the current year.
Institutional Investors Weigh In On Similarweb
Several large investors have recently made changes to their positions in the stock. Phoenix Financial Ltd. increased its position in shares of Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after acquiring an additional 1,292,700 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in Similarweb by 37.9% during the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after purchasing an additional 881,652 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Similarweb by 3.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock worth $28,887,000 after buying an additional 100,000 shares in the last quarter. Wellington Management Group LLP lifted its position in Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after buying an additional 1,525,230 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its position in Similarweb by 299.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after buying an additional 1,233,928 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.