Similarweb Ltd. (NYSE:SMWB) Short Interest Up 175.8% in May

Similarweb Ltd. (NYSE:SMWB) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 714,388 shares, an increase of 175.8% from the April 30th total of 258,981 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 966,969 shares, the short-interest ratio is presently 0.7 days.

Insider Buying and Selling

In other Similarweb news, CEO Or Offer bought 53,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $3.58 per share, for a total transaction of $189,740.00. Following the transaction, the chief executive officer owned 4,694,396 shares of the company’s stock, valued at approximately $16,805,937.68. This trade represents a 1.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tamar Rapaport-Dagim bought 40,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $3.22 per share, for a total transaction of $128,800.00. Following the transaction, the director directly owned 63,584 shares in the company, valued at $204,740.48. This trade represents a 169.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 221,105 shares of company stock valued at $813,226 in the last quarter. 62.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Similarweb

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Similarweb in the 3rd quarter worth approximately $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb in the 3rd quarter worth approximately $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb in the 4th quarter worth approximately $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb in the 4th quarter worth approximately $90,000. Finally, Fullcircle Wealth LLC acquired a new stake in Similarweb during the 3rd quarter valued at $140,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Down 1.1%

Shares of SMWB traded down $0.04 on Friday, reaching $4.15. The stock had a trading volume of 888,218 shares, compared to its average volume of 877,705. The firm has a market capitalization of $363.19 million, a PE ratio of -11.85 and a beta of 1.11. The firm has a 50-day moving average of $2.98 and a 200 day moving average of $4.77. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75.

Similarweb (NYSE:SMWB) last released 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 business had revenue of $73.88 million for 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%. On average, sell-side analysts anticipate that Similarweb will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Oppenheimer dropped their target price on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Barclays dropped their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.07.

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.