Key Points
- Similarweb director Barak Eilam bought 50,000 shares on May 21 at an average price of $3.86, increasing his direct ownership to 101,315 shares. The purchase was worth about $193,000 and lifted his stake by 97.44%.
- The stock was trading at $4.12 when the article was published, near the lower end of its 1-year range of $2.22 to $10.75. Similarweb has a market cap of about $361 million and remains below its 200-day moving average.
- Recent fundamentals and analyst sentiment are mixed: the company reported Q1 earnings of $0.01 per share, meeting estimates, with revenue of $73.88 million. Analysts currently have a consensus rating of “Hold” with an average price target of $7.07.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) Director Barak Eilam acquired 50,000 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $3.86 per share, with a total value of $193,000.00. Following the completion of the purchase, the director directly owned 101,315 shares in the company, valued at $391,075.90. This represents a 97.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Similarweb Price Performance
NYSE SMWB opened at $4.12 on Friday. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75. The company has a market capitalization of $361.00 million, a P/E ratio of -11.77 and a beta of 1.11. The business has a 50 day moving average price of $2.84 and a 200 day moving average price of $4.93.
Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share 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, research analysts expect that Similarweb Ltd. will post -0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently weighed in on SMWB shares. Wall Street Zen cut shares of Similarweb from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. Barclays dropped 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. William Blair cut shares of Similarweb from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Finally, Needham & Company LLC cut shares of Similarweb from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Similarweb has an average rating of "Hold" and a consensus price target of $7.07.
Read Our Latest Research Report on Similarweb
Institutional Trading of Similarweb
Several hedge funds and other institutional investors have recently bought and sold shares of SMWB. Wellington Management Group LLP grew its stake 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 acquiring an additional 1,525,230 shares during the period. Phoenix Financial Ltd. grew its stake 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 acquiring an additional 1,292,700 shares during the period. Penn Capital Management Company LLC grew its stake 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 acquiring an additional 1,233,928 shares during the period. Menora Mivtachim Holdings LTD. grew its stake 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 acquiring an additional 881,652 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake 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.
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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