Similarweb (NYSE:SMWB) Issues Quarterly Earnings Results

Similarweb (NYSE:SMWB) announced its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10), Zacks reports. Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. Similarweb updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Similarweb Stock Down 2.0 %

Shares of Similarweb stock traded down $0.34 during trading on Tuesday, reaching $16.73. The company’s stock had a trading volume of 996,035 shares, compared to its average volume of 649,044. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.64. The company has a 50-day simple moving average of $14.86 and a two-hundred day simple moving average of $11.14. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -152.11 and a beta of 0.99.

Analysts Set New Price Targets

SMWB has been the topic of a number of research reports. Citigroup raised their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. The Goldman Sachs Group initiated coverage on Similarweb in a research report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price target on the stock. William Blair restated an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Similarweb in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $16.50.

Similarweb Company Profile

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.