Similarweb (NYSE:SMWB) Stock Rating Upgraded by Wall Street Zen

Similarweb (NYSE:SMWB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently weighed in on SMWB. Northland Securities upgraded shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Citigroup increased their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday. Oppenheimer lifted their price objective on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Barclays boosted their price objective on shares of Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Similarweb presently has a consensus rating of “Hold” and a consensus price target of $10.14.

Similarweb Stock Down 0.2%

NYSE:SMWB opened at $8.88 on Friday. The firm has a market capitalization of $777.45 million, a price-to-earnings ratio of -35.50 and a beta of 1.13. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The stock’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $4.35.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.19 million for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%. As a group, analysts anticipate that Similarweb will post -0.08 earnings per share for the current year.

Insider Activity at Similarweb

In other Similarweb news, CEO Or Offer purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $4.15 per share, for a total transaction of $207,500.00. Following the purchase, the chief executive officer owned 4,744,396 shares in the company, valued at approximately $19,689,243.40. The trade was a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harel Moshe Beit-On purchased 75,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $3.89 per share, with a total value of $291,750.00. Following the acquisition, the director directly owned 10,885,778 shares in the company, valued at approximately $42,345,676.42. The trade was a 0.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 228,000 shares of company stock worth $881,990.

Institutional Trading of Similarweb

Hedge funds have recently modified their holdings of the stock. Phoenix Financial Ltd. grew its stake in Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after buying an additional 1,292,700 shares during the last quarter. Wellington Management Group LLP boosted 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 acquiring an additional 1,525,230 shares during the period. Nuveen LLC grew its position in shares of Similarweb by 2.5% in the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after purchasing an additional 37,457 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Similarweb by 2.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company’s stock valued at $8,784,000 after purchasing an additional 23,881 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Similarweb by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after purchasing an additional 3,170 shares during the period. Institutional investors and hedge funds 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.