Similarweb (NYSE:SMWB) Director Acquires $128,800.00 in Stock

Similarweb Ltd. (NYSE:SMWB) Director Tamar Rapaport-Dagim purchased 40,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $3.22 per share, with a total value of $128,800.00. Following the completion of the acquisition, the director owned 63,584 shares in the company, valued at approximately $204,740.48. This trade represents a 169.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Similarweb Trading Down 0.7%

Shares of Similarweb stock opened at $3.80 on Friday. The business has a 50-day moving average price of $2.81 and a two-hundred day moving average price of $4.93. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75. The company has a market cap of $332.44 million, a P/E ratio of -10.84 and a beta of 1.11.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $73.88 million during the quarter, compared to the consensus estimate of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. Equities research analysts forecast that Similarweb Ltd. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Several large investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC bought a new position in Similarweb in the 3rd quarter valued at about $25,000. Wexford Capital LP bought a new position in Similarweb in the 3rd quarter valued at about $64,000. Brooklyn Investment Group bought a new position in Similarweb in the 4th quarter valued at about $85,000. Boothbay Fund Management LLC bought a new position in Similarweb in the 4th quarter valued at about $90,000. Finally, Fullcircle Wealth LLC bought a new position in Similarweb in the 3rd quarter valued at about $140,000. Institutional investors own 57.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SMWB shares. William Blair cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Needham & Company LLC cut shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a research report on Wednesday, February 18th. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.07.

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.