Similarweb (NYSE:SMWB) Stock Price Up 11.5% – What’s Next?

Similarweb Ltd. (NYSE:SMWB)’s stock price traded up 11.5% on Monday . The company traded as high as $6.09 and last traded at $6.2450. 651,400 shares were traded during trading, a decline of 24% from the average daily volume of 859,674 shares. The stock had previously closed at $5.60.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.50 to $3.00 in a research report on Friday, April 10th. Barclays decreased their price target on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Finally, Oppenheimer boosted their price target on Similarweb from $4.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, June 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.50.

Similarweb Price Performance

The company has a market capitalization of $544.43 million, a price-to-earnings ratio of -17.70 and a beta of 1.25. The firm’s fifty day moving average price is $3.81 and its 200-day moving average price is $4.33.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share 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 business had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. On average, research analysts predict that Similarweb Ltd. will post -0.08 earnings per share for the current year.

Insider Transactions at Similarweb

In other news, Director Tamar Rapaport-Dagim acquired 40,000 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the purchase, the director directly owned 63,584 shares of the company’s stock, valued at $204,740.48. This represents a 169.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barak Eilam acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $3.86 per share, with a total value of $193,000.00. Following the acquisition, the director owned 101,315 shares in the company, valued at $391,075.90. The trade was a 97.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 271,105 shares of company stock valued at $1,020,726.

Hedge Funds Weigh In On Similarweb

Large investors have recently modified their holdings of the business. Larson Financial Group LLC bought a new stake in shares of Similarweb in the third quarter worth $25,000. New York State Common Retirement Fund increased its stake in shares of Similarweb by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock valued at $6,388,000 after buying an additional 3,170 shares during the period. PDT Partners LLC raised its position in shares of Similarweb by 3.9% during the second quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after acquiring an additional 3,717 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Similarweb by 31.9% during the third quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock worth $184,000 after acquiring an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Similarweb by 13.7% in the third quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock worth $403,000 after acquiring an additional 5,235 shares during the period. Institutional investors own 57.59% of the company’s stock.

Similarweb Company Profile

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.