Similarweb Ltd. (NYSE:SMWB) Short Interest Down 54.8% in April

Similarweb Ltd. (NYSE:SMWB) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 258,981 shares, a drop of 54.8% from the April 15th total of 573,412 shares. Based on an average daily volume of 564,748 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Trending Headlines about Similarweb

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Similarweb reported Q1 2026 results that met EPS expectations and came in slightly ahead of revenue estimates, with management and post-earnings coverage highlighting strong revenue growth and AI-related momentum. Similarweb Ltd (SMWB) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic AI …
• Positive Sentiment: The company outlined full-year 2026 revenue guidance of $307 million to $315 million, which signals management confidence in continued growth after the quarter. Similarweb outlines $307M-$315M 2026 revenue outlook as CEO transition is expected by mid-2027
• Positive Sentiment: Similarweb and Manus expanded data coverage to provide deeper digital marketing insights and support smarter AI agents, a potential product and partnership tailwind. Similarweb and Manus Expand Data Coverage, Enabling Deeper Digital Marketing Insights and Smarter AI Agents
• Neutral Sentiment: The board tightened executive pay policy and adjusted audit committee leadership ahead of the May 28 annual meeting, which is more of a governance update than a direct business catalyst. Similarweb Tightens Executive Pay Policy and Adjusts Audit Committee Leadership Ahead of May 28 AGM
• Neutral Sentiment: Coverage from analysts has been mixed, with some comparing Similarweb to other technology names and noting disagreement on valuation and outlook. Analysts Conflicted on These Technology Names: Similarweb (SMWB) and Riskified (RSKD)
• Negative Sentiment: Similarweb also said it is beginning CEO succession planning, which can create some uncertainty around leadership transition even though the timing suggests an orderly process. Similarweb Initiates CEO Succession Planning Process

Hedge Funds Weigh In On Similarweb

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Similarweb by 104.6% during the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock worth $1,931,000 after purchasing an additional 378,200 shares during the period. Militia Capital Management LLC purchased a new position in Similarweb during the first quarter worth about $572,000. Sphera Management Technology Funds Ltd raised its stake in Similarweb by 3.7% during the fourth quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock worth $3,595,000 after purchasing an additional 17,122 shares during the period. Numerai GP LLC purchased a new position in Similarweb during the fourth quarter worth about $883,000. Finally, Boothbay Fund Management LLC purchased a new position in Similarweb during the fourth quarter worth about $90,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SMWB. Oppenheimer dropped their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock 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 report on Wednesday, February 18th. Northland Securities lowered 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. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Citigroup lowered shares of Similarweb from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Similarweb presently has a consensus rating of “Hold” and a consensus price target of $7.07.

Similarweb Price Performance

SMWB traded up $0.09 on Friday, reaching $3.16. 680,073 shares of the company’s stock were exchanged, compared to its average volume of 750,806. The stock has a market cap of $277.08 million, a PE ratio of -9.04 and a beta of 1.11. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The stock’s fifty day moving average price is $2.74 and its 200-day moving average price is $5.10.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. As a group, research analysts predict that Similarweb will post -0.09 earnings per share for the current fiscal year.

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.