Similarweb (NYSE:SMWB) Cut to Market Perform at Citizens Jmp

Citizens Jmp downgraded shares of Similarweb (NYSE:SMWB) from an outperform rating to a market perform rating in a research report report published on Wednesday morning, Marketbeat reports.

SMWB has been the subject of several other research reports. Barclays lowered their price objective on Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. The Goldman Sachs Group cut shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a research report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $11.00 price target on shares of Similarweb in a research note on Friday, November 14th. Wall Street Zen raised shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Oppenheimer lowered their target price on Similarweb from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $8.14.

Similarweb Stock Performance

Shares of SMWB opened at $2.80 on Wednesday. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.75. The stock has a market capitalization of $237.21 million, a price-to-earnings ratio of -7.17 and a beta of 1.09. The stock has a fifty day moving average of $5.86 and a 200-day moving average of $7.70.

Similarweb (NYSE:SMWB) last issued its earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $72.76 million during the quarter, compared to analysts’ expectations of $76.45 million. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%. As a group, equities analysts forecast that Similarweb will post -0.24 EPS for the current year.

Hedge Funds Weigh In On Similarweb

Hedge funds have recently bought and sold shares of the company. ARK Investment Management LLC lifted its holdings in Similarweb by 100.7% in the second quarter. ARK Investment Management LLC now owns 242,370 shares of the company’s stock valued at $1,900,000 after buying an additional 121,619 shares during the period. MQS Management LLC acquired a new position in shares of Similarweb in the 2nd quarter valued at about $125,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Similarweb by 277.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 117,831 shares of the company’s stock valued at $924,000 after purchasing an additional 86,612 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Similarweb by 8.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,006,157 shares of the company’s stock valued at $23,568,000 after purchasing an additional 243,600 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its stake in Similarweb by 8.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after purchasing an additional 1,344 shares during the period. Institutional investors own 57.59% of the company’s stock.

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.