Or Offer Purchases 50,000 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $4.15 per share, with a total value of $207,500.00. Following the completion of the purchase, the chief executive officer directly owned 4,744,396 shares of the company’s stock, valued at $19,689,243.40. This represents a 1.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Or Offer also recently made the following trade(s):

• On Tuesday, May 19th, Or Offer bought 53,000 shares of Similarweb stock. The stock was purchased at an average cost of $3.58 per share, with a total value of $189,740.00.
• On Monday, May 18th, Or Offer bought 3,105 shares of Similarweb stock. The stock was purchased at an average cost of $3.20 per share, with a total value of $9,936.00.

Similarweb Trading Down 1.0%

NYSE:SMWB opened at $4.34 on Thursday. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75. The firm has a fifty day simple moving average of $3.08 and a 200 day simple moving average of $4.67. The stock has a market capitalization of $379.75 million, a PE ratio of -12.39 and a beta of 1.25.

Similarweb (NYSE:SMWB) last released its earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The business had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. On average, equities analysts predict that Similarweb Ltd. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Phoenix Financial Ltd. lifted its holdings in shares of Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after buying an additional 1,292,700 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in shares of Similarweb by 37.9% during the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after buying an additional 881,652 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Similarweb by 163.6% during the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after buying an additional 1,525,230 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in shares of Similarweb by 299.4% during the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after buying an additional 1,233,928 shares in the last quarter. Finally, Nuveen LLC lifted its holdings in shares of Similarweb by 2.5% during the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock worth $11,388,000 after buying an additional 37,457 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

SMWB has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research report on Wednesday, February 18th. William Blair cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Finally, Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.07.

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.