Harel Moshe Beit-On Buys 75,000 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) Director Harel Moshe Beit-On purchased 75,000 shares of Similarweb stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the transaction, the director owned 10,885,778 shares in the company, valued at $42,345,676.42. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Similarweb Price Performance

SMWB opened at $4.12 on Friday. The stock’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $4.93. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75. The firm has a market cap of $361.00 million, a price-to-earnings ratio of -11.77 and a beta of 1.11.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The business had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. As a group, sell-side analysts anticipate that Similarweb Ltd. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Similarweb

Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new stake in Similarweb in the 3rd quarter worth approximately $25,000. Wexford Capital LP purchased a new stake in Similarweb in the 3rd quarter worth approximately $64,000. Brooklyn Investment Group purchased a new stake in Similarweb in the 4th quarter worth approximately $85,000. Boothbay Fund Management LLC purchased a new stake in Similarweb in the 4th quarter worth approximately $90,000. Finally, Fullcircle Wealth LLC purchased a new stake in Similarweb in the 3rd quarter worth approximately $140,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SMWB shares. Needham & Company LLC lowered Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Citigroup lowered Similarweb from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Barclays reduced their price target on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Finally, Northland Securities lowered 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. Three investment 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’s stock. According to data from MarketBeat.com, Similarweb has a consensus rating of “Hold” and an average price target of $7.07.

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.