Wall Street Zen Upgrades Similarweb (NYSE:SMWB) to Strong-Buy

Similarweb (NYSE:SMWB) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

A number of other equities analysts also recently issued reports on SMWB. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Barclays lifted their price objective on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Citigroup increased their target price on Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and raised their target price for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Finally, Oppenheimer lifted their price target on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.14.

Similarweb Trading Up 8.8%

SMWB stock opened at $8.97 on Friday. The stock has a market capitalization of $785.42 million, a price-to-earnings ratio of -35.86 and a beta of 1.13. The firm’s 50-day moving average price is $6.83 and its two-hundred day moving average price is $4.49. Similarweb has a 12-month low of $2.22 and a 12-month high of $10.75.

Similarweb (NYSE:SMWB) last posted its earnings results 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%. Equities analysts predict that Similarweb will post -0.08 EPS for the current year.

Insider Buying and Selling

In other Similarweb news, CEO Or Offer sold 134,992 shares of Similarweb 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 completion of the sale, the chief executive officer owned 4,598,291 shares of the company’s stock, valued at approximately $40,786,841.17. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Similarweb

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC purchased a new position in Similarweb in the 3rd quarter worth about $25,000. New York State Common Retirement Fund grew its stake in shares of Similarweb by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after acquiring an additional 3,170 shares during the period. PDT Partners LLC grew its stake in shares of Similarweb by 3.9% in the second quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after acquiring an additional 3,717 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Similarweb by 31.9% during the third quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock valued at $184,000 after purchasing an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Similarweb by 13.7% during the third quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after purchasing an additional 5,235 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.