Similarweb (NYSE:SMWB) Issues Earnings Results

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

Similarweb Price Performance

Shares of SMWB stock opened at $16.73 on Wednesday. The stock has a market cap of $1.35 billion, a PE ratio of -152.11 and a beta of 0.99. The stock has a 50-day moving average of $14.95 and a 200-day moving average of $11.21. Similarweb has a one year low of $5.71 and a one year high of $17.64.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Similarweb in a report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price target for the company. William Blair restated an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Jefferies Financial Group upped their price target on Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Citigroup boosted their price objective on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Northland Securities raised their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average 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.