Or Offer Acquires 53,000 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer purchased 53,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $3.58 per share, with a total value of $189,740.00. Following the completion of the purchase, the chief executive officer owned 4,694,396 shares in the company, valued at approximately $16,805,937.68. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Or Offer also recently made the following trade(s):

• On Monday, May 18th, Or Offer acquired 3,105 shares of Similarweb stock. The stock was acquired at an average price of $3.20 per share, for a total transaction of $9,936.00.

Similarweb Trading Down 0.7%

SMWB opened at $3.80 on Friday. The company has a market cap of $332.44 million, a price-to-earnings ratio of -10.84 and a beta of 1.11. The company’s 50 day moving average is $2.81 and its 200 day moving average is $4.93. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75.

Similarweb (NYSE:SMWB) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. As a group, analysts predict that Similarweb Ltd. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SMWB. Northland Securities downgraded Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research report on Wednesday, February 18th. Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Citigroup downgraded Similarweb from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.50 to $3.00 in a research note on Friday, April 10th. Finally, Barclays reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Similarweb by 475.3% during the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock valued at $167,000 after buying an additional 52,863 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Similarweb by 104.6% during the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after buying an additional 378,200 shares during the last quarter. Militia Capital Management LLC purchased a new position in shares of Similarweb in the first quarter worth $572,000. Sphera Management Technology Funds Ltd boosted its position in shares of Similarweb by 3.7% during the fourth quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock worth $3,595,000 after acquiring an additional 17,122 shares during the last quarter. Finally, Numerai GP LLC bought a new position in shares of Similarweb during the fourth quarter worth $883,000. 57.59% of the stock is owned by hedge funds and other 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.