Key Points
- Similarweb CEO Or Offer bought 53,000 shares of SMWB on May 19 at an average price of $3.58, for a total of about $189,740. After the purchase, he owned 4,694,396 shares, a 1.14% increase in his position.
- The stock rose 4.1% and opened at $3.83, while still trading well below its 52-week high of $10.75. Similarweb’s market cap is about $335.5 million.
- The company recently reported Q1 earnings that matched expectations, with EPS of $0.01 and revenue of $73.88 million versus estimates of $73.04 million. Analysts currently rate the stock a consensus Hold with a target price of $7.07.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer acquired 53,000 shares of the company's stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $3.58 per share, with a total value of $189,740.00. Following the purchase, the chief executive officer owned 4,694,396 shares of the company's stock, valued at approximately $16,805,937.68. This trade represents a 1.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Or Offer also recently made the following trade(s):
- On Monday, May 18th, Or Offer acquired 3,105 shares of Similarweb stock. The shares were bought at an average cost of $3.20 per share, with a total value of $9,936.00.
Similarweb Stock Up 4.1%
Shares of SMWB stock opened at $3.83 on Thursday. The stock has a fifty day moving average of $2.79 and a 200 day moving average of $4.97. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.75. The firm has a market capitalization of $335.51 million, a price-to-earnings ratio of -10.94 and a beta of 1.11.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The company had revenue of $73.88 million during the quarter, compared to analyst estimates of $73.04 million. Equities research analysts anticipate that Similarweb Ltd. will post -0.09 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SMWB. Wellington Management Group LLP lifted its holdings in Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company's stock worth $22,858,000 after purchasing an additional 1,525,230 shares in the last quarter. Phoenix Financial Ltd. lifted its holdings in Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company's stock worth $32,101,000 after purchasing an additional 1,292,700 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in Similarweb by 299.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company's stock worth $15,321,000 after purchasing an additional 1,233,928 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in Similarweb by 37.9% in the 3rd 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 in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Similarweb in the 3rd quarter worth approximately $7,903,000. 57.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SMWB has been the subject of several recent research reports. Oppenheimer lowered their price objective on Similarweb from $7.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, February 19th. Northland Securities downgraded Similarweb from an "outperform" rating to a "market perform" rating and set a $5.00 price target for the company. in a report on Wednesday, February 18th. Needham & Company LLC downgraded Similarweb from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. Citigroup downgraded Similarweb from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Finally, William Blair cut Similarweb from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.07.
Get Our Latest Analysis on Similarweb
About Similarweb
(
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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