Key Points
- Similarweb director Harel Moshe Beit-On bought 75,000 shares at $3.89 each, a transaction worth about $291,750. After the purchase, he owned 10,885,778 shares, increasing his stake by 0.69%.
- Shares were trading slightly lower at $3.80, and the company’s stock has ranged from a 12-month low of $2.22 to a high of $10.75. Similarweb currently has a market value of about $332.44 million.
- Wall Street sentiment is mixed but cautious, with a consensus rating of “Hold” and an average price target of $7.07. Recent analysts have trimmed price targets and several firms have downgraded the stock.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) Director Harel Moshe Beit-On acquired 75,000 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $3.89 per share, with a total value of $291,750.00. Following the transaction, the director directly owned 10,885,778 shares of the company's stock, valued at approximately $42,345,676.42. This represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Similarweb Trading Down 0.7%
NYSE:SMWB opened at $3.80 on Friday. The firm's fifty day simple moving average is $2.81 and its 200 day simple moving average is $4.93. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.75. The firm has a market capitalization of $332.44 million, a price-to-earnings ratio of -10.84 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The firm had revenue of $73.88 million during the quarter, compared to the consensus estimate of $73.04 million. On average, analysts predict that Similarweb Ltd. will post -0.09 earnings per share for the current year.
Hedge Funds Weigh In On Similarweb
A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company's stock valued at $22,858,000 after buying an additional 1,525,230 shares during the last quarter. Phoenix Financial Ltd. increased its stake in shares of Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company's stock worth $32,101,000 after buying an additional 1,292,700 shares during the last quarter. Penn Capital Management Company LLC raised 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 acquiring an additional 1,233,928 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company's stock valued at $29,838,000 after acquiring an additional 881,652 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Similarweb during the 3rd quarter valued at $7,903,000. 57.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on SMWB shares. Barclays dropped their target price on Similarweb from $7.00 to $5.00 and set an "overweight" rating on the stock in a report on Monday, April 20th. Oppenheimer lowered their price objective on shares of Similarweb from $7.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, February 19th. Needham & Company LLC lowered shares of Similarweb from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Northland Securities cut shares of Similarweb from an "outperform" rating to a "market perform" rating and set a $5.00 target price on the stock. in a research report on Wednesday, February 18th. Finally, William Blair downgraded shares of Similarweb from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.07.
View Our Latest Research Report on Similarweb
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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