Royce & Associates LP Takes Position in Similarweb Ltd. $SMWB

Royce & Associates LP purchased a new stake in Similarweb Ltd. (NYSE:SMWB) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 494,328 shares of the company’s stock, valued at approximately $4,597,000. Royce & Associates LP owned about 0.58% of Similarweb at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its position in Similarweb by 277.4% during the second 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. First Eagle Investment Management LLC purchased a new stake in Similarweb during the 2nd quarter valued at $1,329,000. Fox Run Management L.L.C. bought a new stake in Similarweb in the second quarter worth $129,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Similarweb by 14.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 920,671 shares of the company’s stock worth $7,218,000 after buying an additional 114,497 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Similarweb during the second quarter worth $255,000. 57.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SMWB has been the topic of several recent analyst reports. Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Needham & Company LLC downgraded shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Citigroup dropped their target price on Similarweb from $11.00 to $8.50 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, The Goldman Sachs Group downgraded Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price target on the stock. in a report on Tuesday, January 13th. 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 stock. Based on data from MarketBeat, Similarweb has a consensus rating of “Hold” and an average price target of $8.14.

Similarweb Price Performance

Similarweb stock opened at $2.71 on Thursday. The stock has a market cap of $235.23 million, a price-to-earnings ratio of -6.94 and a beta of 1.17. The firm has a 50-day moving average of $5.15 and a two-hundred day moving average of $7.42. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $72.76 million during the quarter, compared to the consensus estimate of $76.45 million. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. Research analysts expect that Similarweb Ltd. will post -0.24 earnings per share 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.