Similarweb (NYSE:SMWB) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Similarweb (NYSE:SMWB) from a buy rating to a hold rating in a research note published on Saturday morning.

SMWB has been the subject of several other research reports. Jefferies Financial Group reissued a “buy” rating and set a $11.00 price target on shares of Similarweb in a report on Friday, November 14th. Oppenheimer reduced their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup lowered their price target on shares of Similarweb from $11.00 to $8.50 and set a “buy” rating on the stock in a report on Friday. Barclays set a $7.00 price objective on shares of Similarweb in a research report on Thursday. Finally, Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday. Four equities 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.14.

Similarweb Trading Up 8.8%

Shares of NYSE SMWB opened at $2.80 on Friday. Similarweb has a 12-month low of $2.22 and a 12-month high of $10.75. The firm has a market capitalization of $237.20 million, a price-to-earnings ratio of -7.17 and a beta of 1.09. The firm has a 50 day moving average of $5.86 and a 200 day moving average of $7.70.

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

Hedge Funds Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in Similarweb in the 3rd quarter worth approximately $25,000. Wexford Capital LP purchased a new position in shares of Similarweb in the third quarter valued at $64,000. Brooklyn Investment Group bought a new stake in Similarweb in the fourth quarter worth $85,000. Boothbay Fund Management LLC purchased a new stake in Similarweb during the fourth quarter valued at $90,000. Finally, MQS Management LLC bought a new position in Similarweb during the second quarter valued at $125,000. 57.59% of the stock is owned by institutional investors.

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.