Similarweb (SMWB) – Investment Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Similarweb (NYSE: SMWB):

• 2/13/2025 – Similarweb had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $17.00 price target on the stock.
• 2/13/2025 – Similarweb had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $14.00 price target on the stock.
• 2/11/2025 – Similarweb had its price target raised by analysts at Citigroup Inc. from $14.00 to $22.00. They now have a “buy” rating on the stock.
• 2/3/2025 – Similarweb had its price target raised by analysts at Jefferies Financial Group Inc. from $13.00 to $23.00. They now have a “buy” rating on the stock.
• 1/24/2025 – Similarweb had its price target raised by analysts at Northland Securities from $17.00 to $20.00. They now have an “outperform” rating on the stock.
• 1/16/2025 – Similarweb had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $14.00 price target on the stock.
• 12/19/2024 – Similarweb had its “outperform” rating reaffirmed by analysts at William Blair.

Similarweb Stock Up 2.2 %

NYSE SMWB opened at $10.83 on Monday. The business has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $11.31. Similarweb Ltd. has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The stock has a market cap of $875.96 million, a PE ratio of -98.41 and a beta of 0.99.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. Sell-side analysts anticipate that Similarweb Ltd. will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of hedge funds have recently added to or reduced their stakes in SMWB. Jennison Associates LLC bought a new stake in Similarweb during the 4th quarter valued at $26,059,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Similarweb during the fourth quarter valued at $22,536,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Similarweb during the fourth quarter valued at about $9,563,000. Victory Capital Management Inc. acquired a new stake in Similarweb in the fourth quarter worth about $6,090,000. Finally, Next Century Growth Investors LLC grew its position in Similarweb by 146.7% in the 4th quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company’s stock valued at $9,907,000 after buying an additional 415,792 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.