Similarweb (NYSE:SMWB) Trading Up 7.8% – What’s Next?

Shares of Similarweb Ltd. (NYSE:SMWB) were up 7.8% during trading on Monday . The stock traded as high as $6.79 and last traded at $6.78. 64,431 shares were traded during trading, a decline of 93% from the average session volume of 882,331 shares. The stock had previously closed at $6.29.

Wall Street Analyst Weigh In

SMWB has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Similarweb from $4.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Barclays lowered their price target on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Finally, Citigroup boosted their price objective on Similarweb from $3.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.07.

Similarweb Stock Performance

The company’s fifty day moving average price is $5.27 and its 200-day moving average price is $4.23. The stock has a market cap of $602.69 million, a P/E ratio of -19.66 and a beta of 1.17.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS 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 company had revenue of $73.88 million for the quarter, compared to the consensus estimate of $73.04 million. Analysts anticipate that Similarweb Ltd. will post -0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Similarweb news, Director Tamar Rapaport-Dagim bought 40,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the purchase, the director owned 63,584 shares in the company, valued at $204,740.48. This represents a 169.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barak Eilam purchased 50,000 shares of Similarweb stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of $3.86 per share, for a total transaction of $193,000.00. Following the completion of the acquisition, the director owned 101,315 shares of the company’s stock, valued at approximately $391,075.90. This trade represents a 97.44% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 271,105 shares of company stock worth $1,020,726.

Institutional Trading of Similarweb

A number of hedge funds and other institutional investors have recently bought and sold shares of SMWB. Larson Financial Group LLC bought a new position in shares of Similarweb in the third quarter worth about $25,000. Wexford Capital LP bought a new stake in shares of Similarweb during the third quarter valued at approximately $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb during the fourth quarter valued at approximately $85,000. Boothbay Fund Management LLC purchased a new stake in shares of Similarweb in the fourth quarter valued at approximately $90,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of Similarweb in the second quarter valued at approximately $146,000. Hedge funds and other institutional investors 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.