Similarweb Ltd. (NYSE:SMWB) Short Interest Update

Similarweb Ltd. (NYSE:SMWB) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 402,389 shares, a decrease of 32.7% from the July 30th total of 597,700 shares. Based on an average daily volume of 1,310,402 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

Similarweb Trading Down 5.9%

NYSE:SMWB opened at $8.74 on Wednesday. The firm has a market cap of $765.62 million, a PE ratio of -34.96 and a beta of 1.21. The stock has a fifty day moving average price of $7.31 and a 200 day moving average price of $4.68. Similarweb has a 12-month low of $2.22 and a 12-month high of $10.35.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.19 million for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.

Insider Activity at Similarweb

In other news, CEO Or Offer sold 574,605 shares of Similarweb stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $8.80, for a total value of $5,056,524.00. Following the completion of the sale, the chief executive officer directly owned 4,598,291 shares of the company’s stock, valued at approximately $40,464,960.80. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 1,092,724 shares of company stock worth $9,702,046 in the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMWB. Wellington Management Group LLP grew its holdings in Similarweb by 22.2% during the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock worth $22,219,000 after acquiring an additional 657,928 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of Similarweb in the 1st quarter valued at $616,000. Lavelle Capital LP acquired a new stake in shares of Similarweb in the 1st quarter valued at $529,000. Bank of America Corp DE lifted its position in shares of Similarweb by 475.3% during 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. Finally, Renaissance Technologies LLC grew its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays raised their target price on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Oppenheimer increased their price target on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Citigroup lifted their price objective on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.14.

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.