Similarweb Ltd. (NYSE:SMWB) Receives $8.07 Average Target Price from Analysts

Shares of Similarweb Ltd. (NYSE:SMWB) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.0714.

SMWB has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Similarweb from $4.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Citigroup boosted their price target on Similarweb from $3.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Barclays reduced their price target on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 20th.

Insiders Place Their Bets

In related news, CEO Or Offer purchased 50,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $4.15 per share, with a total value of $207,500.00. Following the completion of the transaction, the chief executive officer owned 4,744,396 shares of the company’s stock, valued at $19,689,243.40. This represents a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barak Eilam purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $3.86 per share, with a total value of $193,000.00. Following the purchase, the director owned 101,315 shares of the company’s stock, valued at approximately $391,075.90. The trade was a 97.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 271,105 shares of company stock valued at $1,020,726 over the last 90 days.

Institutional Trading of Similarweb

Several institutional investors have recently added to or reduced their stakes in SMWB. Militia Capital Management LLC bought a new position in Similarweb during the 1st quarter valued at $616,000. Lavelle Capital LP bought a new stake in shares of Similarweb in the 1st quarter worth about $529,000. Bank of America Corp DE increased its position in shares of Similarweb by 475.3% in the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock worth $167,000 after purchasing an additional 52,863 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Similarweb by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after purchasing an additional 378,200 shares in the last quarter. Finally, Sphera Management Technology Funds Ltd raised its stake in shares of Similarweb by 3.7% in the 4th quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock valued at $3,595,000 after purchasing an additional 17,122 shares in the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Trading Up 2.3%

Shares of SMWB stock opened at $7.45 on Friday. The firm has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $4.24. The company has a market capitalization of $652.18 million, a PE ratio of -21.27 and a beta of 1.14. 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 (EPS) for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The firm had revenue of $73.88 million for the quarter, compared to the consensus estimate of $73.04 million. Equities research analysts predict that Similarweb will post -0.08 EPS for the current 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.