Key Points
- Director Tamar Rapaport-Dagim bought 40,000 Similarweb shares on May 18 at an average price of $3.22, spending a total of $128,800. After the purchase, her stake rose to 63,584 shares, a 169.61% increase.
- Similarweb recently reported quarterly EPS of $0.01, matching Wall Street expectations, while revenue of $73.88 million slightly topped estimates. The company also posted a negative net margin of 10.38% and negative return on equity of 48.57%.
- Analysts have become more cautious on the stock, with several firms cutting ratings and price targets; the consensus rating is now Hold with an average price target of $7.07. Institutional ownership remains significant at 57.59%.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) Director Tamar Rapaport-Dagim purchased 40,000 shares of the business's stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $3.22 per share, with a total value of $128,800.00. Following the purchase, the director owned 63,584 shares in the company, valued at approximately $204,740.48. This represents a 169.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Similarweb Stock Performance
Shares of Similarweb stock opened at $3.70 on Wednesday. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.75. The stock has a market capitalization of $323.77 million, a price-to-earnings ratio of -10.56 and a beta of 1.11. The company has a fifty day moving average of $2.77 and a 200-day moving average of $5.00.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $73.04 million. On average, equities research analysts forecast that Similarweb Ltd. will post -0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SMWB. Needham & Company LLC cut shares of Similarweb from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Similarweb from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. Barclays cut their price objective on shares of Similarweb from $7.00 to $5.00 and set an "overweight" rating for the company in a research note on Monday, April 20th. Northland Securities cut 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 note on Wednesday, February 18th. Finally, Citizens Jmp cut shares of Similarweb from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Three research 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $7.07.
View Our Latest Stock Report on Similarweb
Institutional Investors Weigh In On Similarweb
Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Similarweb by 475.3% during the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company's stock valued at $167,000 after buying an additional 52,863 shares during the period. Renaissance Technologies LLC boosted its position in Similarweb by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company's stock valued at $1,931,000 after buying an additional 378,200 shares during the period. Militia Capital Management LLC purchased a new stake in Similarweb during the 1st quarter valued at $572,000. Sphera Management Technology Funds Ltd boosted its position in Similarweb by 3.7% during the 4th quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company's stock valued at $3,595,000 after buying an additional 17,122 shares during the period. Finally, Numerai GP LLC purchased a new stake in Similarweb during the 4th quarter valued at $883,000. Hedge funds and other institutional investors own 57.59% of the company's stock.
Similarweb Company Profile
(
Get Free Report)
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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