Similarweb (NYSE:SMWB) Cut to “Market Perform” at Northland Securities

Northland Securities cut shares of Similarweb (NYSE:SMWB) from an outperform rating to a market perform rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $5.00 target price on the stock.

Several other brokerages have also issued reports on SMWB. Wall Street Zen upgraded Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of Similarweb in a report on Monday, November 17th. Oppenheimer cut their price objective on shares of Similarweb from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, Citigroup cut Similarweb from a “market outperform” rating to a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Similarweb has a consensus rating of “Hold” and an average price target of $8.14.

Similarweb Stock Up 8.8%

Shares of NYSE SMWB opened at $2.80 on Wednesday. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The stock has a market cap of $237.21 million, a price-to-earnings ratio of -7.17 and a beta of 1.09. The company’s fifty day moving average is $5.86 and its 200-day moving average is $7.70.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Similarweb had a negative return on equity of 70.38% and a negative net margin of 11.65%.The firm had revenue of $72.76 million for the quarter, compared to analyst estimates of $76.45 million. On average, research analysts anticipate that Similarweb will post -0.24 EPS for the current fiscal year.

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd grew its stake in Similarweb by 8.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock valued at $137,000 after purchasing an additional 1,344 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Similarweb in the 3rd quarter valued at approximately $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 valued at $6,388,000 after buying an additional 3,170 shares in the last quarter. 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 valued at $771,000 after buying an additional 3,717 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Similarweb by 31.9% during the third quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock worth $184,000 after buying an additional 4,777 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

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.