Similarweb (NYSE:SMWB) Trading Up 5.9% – What’s Next?

Similarweb Ltd. (NYSE:SMWB) shot up 5.9% during trading on Monday . The stock traded as high as $8.69 and last traded at $8.73. 174,700 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 894,964 shares. The stock had previously closed at $8.24.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Citigroup increased their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Oppenheimer lifted their price objective on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Barclays boosted their price objective on shares of Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.14.

Similarweb Price Performance

The stock has a 50-day moving average price of $6.75 and a 200-day moving average price of $4.46. The company has a market capitalization of $762.48 million, a price-to-earnings ratio of -34.88 and a beta of 1.14.

Similarweb (NYSE:SMWB) last posted its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.The business had revenue of $77.19 million for the quarter. Equities analysts forecast that Similarweb Ltd. will post -0.08 earnings per share for the current year.

Insider Buying and Selling

In other Similarweb news, CEO Or Offer sold 574,605 shares of Similarweb stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $8.80, for a total transaction of $5,056,524.00. Following the completion of the transaction, the chief executive officer directly owned 4,598,291 shares of the company’s stock, valued at $40,464,960.80. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 62.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 stake in shares of Similarweb during the third quarter worth approximately $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb during the fourth quarter worth approximately $85,000. Boothbay Fund Management LLC acquired a new position in shares of Similarweb in the fourth quarter valued at approximately $90,000. Finally, Nebula Research & Development LLC acquired a new position in shares of Similarweb in the second quarter valued at approximately $146,000. Institutional investors and hedge funds 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.