Barak Eilam Buys 50,000 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) Director Barak Eilam purchased 50,000 shares of the stock in a transaction 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 directly owned 101,315 shares in the company, valued at $391,075.90. This trade represents a 97.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Similarweb Price Performance

SMWB opened at $4.12 on Friday. The stock has a market capitalization of $361.00 million, a price-to-earnings ratio of -11.77 and a beta of 1.11. The business has a 50-day moving average of $2.84 and a two-hundred day moving average of $4.93. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. Equities research analysts anticipate that Similarweb Ltd. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on SMWB. Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Needham & Company LLC cut Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Barclays decreased their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Finally, Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.07.

Hedge Funds Weigh In On Similarweb

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new position in Similarweb during the 3rd quarter worth approximately $25,000. New York State Common Retirement Fund lifted its position in Similarweb by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after acquiring an additional 3,170 shares in the last quarter. PDT Partners LLC lifted its position in Similarweb by 3.9% during the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after acquiring an additional 3,717 shares in the last quarter. Lazard Asset Management LLC lifted its position in Similarweb by 31.9% during the 3rd 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 in the last quarter. Finally, Legal & General Group Plc lifted its position in Similarweb by 13.7% during the 3rd 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 in the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

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.