Brokerages Set Similarweb Ltd. (NYSE:SMWB) Price Target at $12.88

Shares of Similarweb Ltd. (NYSE:SMWB) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.8750.

Several research analysts have weighed in on SMWB shares. Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Similarweb in a report on Monday, November 17th. Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $11.00 price target on shares of Similarweb in a report on Friday, November 14th. Oppenheimer dropped their price objective on shares of Similarweb from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Similarweb in a research note on Monday.

Similarweb Trading Up 0.9%

Similarweb stock opened at $7.05 on Friday. The firm has a market capitalization of $598.33 million, a P/E ratio of -19.05 and a beta of 1.09. The business has a 50-day moving average of $7.92 and a 200-day moving average of $8.46. Similarweb has a 1 year low of $6.36 and a 1 year high of $17.64.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $71.79 million for the quarter, compared to analyst estimates of $71.95 million. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. Research analysts anticipate that Similarweb will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in shares of Similarweb in the third quarter valued at approximately $25,000. Wexford Capital LP bought a new stake in Similarweb during the 3rd quarter worth about $64,000. MQS Management LLC bought a new position in shares of Similarweb in the 2nd quarter valued at about $125,000. Fox Run Management L.L.C. acquired a new stake in shares of Similarweb in the second quarter valued at about $129,000. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Similarweb by 8.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after acquiring an additional 1,344 shares in the last quarter. 57.59% of the stock is owned by institutional investors.

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.