Similarweb Ltd. (NYSE:SMWB) Short Interest Down 25.6% in May

Similarweb Ltd. (NYSE:SMWB) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 94,500 shares, a decline of 25.6% from the May 15th total of 127,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 146,000 shares, the days-to-cover ratio is currently 0.6 days.

Similarweb Trading Down 1.9 %

Similarweb stock traded down $0.15 during midday trading on Friday, hitting $7.71. The stock had a trading volume of 68,328 shares, compared to its average volume of 110,750. The stock has a market cap of $606.39 million, a P/E ratio of -30.84 and a beta of 0.76. Similarweb has a 12 month low of $4.58 and a 12 month high of $9.76. The business has a fifty day moving average price of $7.73 and a 200 day moving average price of $7.17.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $58.98 million during the quarter, compared to analyst estimates of $58.77 million. Similarweb had a negative return on equity of 129.91% and a negative net margin of 9.04%. On average, equities analysts anticipate that Similarweb will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SMWB. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Tuesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Similarweb in a research report on Friday, March 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Similarweb presently has an average rating of “Buy” and an average price target of $10.60.

Institutional Trading of Similarweb

Several hedge funds and other institutional investors have recently bought and sold shares of SMWB. ANTIPODES PARTNERS Ltd bought a new stake in Similarweb in the third quarter valued at about $27,000. Barclays PLC boosted its stake in Similarweb by 737.4% in the third quarter. Barclays PLC now owns 4,966 shares of the company’s stock valued at $32,000 after acquiring an additional 4,373 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Similarweb in the first quarter valued at approximately $136,000. Blair William & Co. IL boosted its stake in Similarweb by 20.1% in the first quarter. Blair William & Co. IL now owns 21,662 shares of the company’s stock valued at $195,000 after acquiring an additional 3,621 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in Similarweb in the third quarter valued at approximately $227,000. 57.59% of the stock is owned by institutional investors.

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.