Similarweb Ltd. (NYSE:SMWB) Short Interest Update
by Amy Steele · The Cerbat GemSimilarweb Ltd. (NYSE:SMWB – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 714,388 shares, an increase of 175.8% from the April 30th total of 258,981 shares. Based on an average daily trading volume, of 966,969 shares, the short-interest ratio is currently 0.7 days. Currently, 2.2% of the shares of the stock are short sold.
Insider Buying and Selling at Similarweb
In other Similarweb news, Director Harel Moshe Beit-On purchased 75,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the transaction, the director owned 10,885,778 shares in the company, valued at approximately $42,345,676.42. This represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barak Eilam purchased 50,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the transaction, the director owned 101,315 shares of the company’s stock, valued at $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 purchased a total of 221,105 shares of company stock valued at $813,226 in the last three months.
Hedge Funds Weigh In On Similarweb
Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new position in Similarweb in the third quarter valued at $7,903,000. Royce & Associates LP acquired a new position in Similarweb in the third quarter valued at $4,597,000. First Eagle Investment Management LLC lifted its holdings in Similarweb by 221.5% in the third quarter. First Eagle Investment Management LLC now owns 545,001 shares of the company’s stock valued at $5,069,000 after buying an additional 375,496 shares during the period. Penn Capital Management Company LLC lifted its holdings in Similarweb by 299.4% in the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after buying an additional 1,233,928 shares during the period. Finally, Phoenix Financial Ltd. lifted its holdings in Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after buying an additional 1,292,700 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.
Similarweb Stock Down 0.1%
Shares of Similarweb stock opened at $4.15 on Monday. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The stock has a market cap of $363.19 million, a price-to-earnings ratio of -11.85 and a beta of 1.25. The company’s fifty day moving average is $2.98 and its 200 day moving average is $4.75.
Similarweb (NYSE:SMWB – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The company had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. As a group, equities analysts anticipate that Similarweb will post -0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
SMWB has been the topic of a number of research reports. Needham & Company LLC cut shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Barclays reduced their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Oppenheimer reduced their price objective on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Finally, Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.07.
Read Our Latest Stock Report on SMWB
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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