Similarweb (NYSE:SMWB) Trading 5.9% Higher – What’s Next?

Similarweb Ltd. (NYSE:SMWB) shares rose 5.9% on Monday . The stock traded as high as $8.69 and last traded at $8.73. 174,700 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 894,964 shares. The stock had previously closed at $8.24.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SMWB shares. Citigroup increased their price target on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Oppenheimer increased their target price on Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $10.00 in a report on Wednesday, August 12th. Finally, Wall Street Zen raised Similarweb from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.14.

Similarweb Stock Performance

The business’s 50 day moving average price is $6.90 and its two-hundred day moving average price is $4.52. The company has a market capitalization of $783.93 million, a price-to-earnings ratio of -35.80 and a beta of 1.14.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. The business had revenue of $77.19 million for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%.

Insider Activity at Similarweb

In other news, CEO Or Offer sold 134,992 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $8.87, for a total value of $1,197,379.04. Following the sale, the chief executive officer owned 4,598,291 shares of the company’s stock, valued at approximately $40,786,841.17. The trade was a 2.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Similarweb

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in Similarweb during the third quarter valued at approximately $25,000. Wexford Capital LP acquired a new position in Similarweb in the third quarter worth approximately $64,000. Brooklyn Investment Group bought a new position in shares of Similarweb in the fourth quarter valued at $85,000. Boothbay Fund Management LLC bought a new position in shares of Similarweb in the fourth quarter valued at $90,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Similarweb during the 2nd quarter valued at $146,000. 57.59% of the stock is currently 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.