Similarweb Ltd. (NYSE:SMWB) Given Average Rating of “Hold” by Brokerages

Shares of Similarweb Ltd. (NYSE:SMWB) have earned an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.1429.

A number of research analysts recently issued reports on SMWB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a report on Monday, December 29th. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price target on the stock. in a research report on Wednesday, February 18th. The Goldman Sachs Group cut shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 price objective for the company. in a research report on Tuesday, January 13th. Finally, Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st.

Institutional Investors Weigh In On Similarweb

A number of hedge funds have recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in shares of Similarweb in the 3rd quarter valued at approximately $25,000. New York State Common Retirement Fund raised its holdings in Similarweb by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after buying an additional 3,170 shares during the period. PDT Partners LLC raised its holdings in Similarweb by 3.9% during the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after buying an additional 3,717 shares during the period. Lazard Asset Management LLC lifted its stake in Similarweb by 31.9% in the third quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock valued at $184,000 after buying an additional 4,777 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Similarweb by 13.7% in the third quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after buying an additional 5,235 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Trading Down 1.6%

NYSE:SMWB opened at $2.65 on Thursday. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The firm has a market capitalization of $230.10 million, a price-to-earnings ratio of -6.78 and a beta of 1.17. The business’s 50-day moving average price is $4.70 and its two-hundred day moving average price is $7.21.

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

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.