Similarweb (NYSE:SMWB) Issues Quarterly Earnings Results

Similarweb (NYSE:SMWB) posted its earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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

Similarweb stock opened at $11.88 on Thursday. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.64. The stock’s 50 day moving average price is $14.92 and its 200 day moving average price is $11.21. The company has a market cap of $961.33 million, a PE ratio of -108.00 and a beta of 0.99.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SMWB. Citigroup upped their target price on Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group raised their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Similarweb in a research note on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a research report on Wednesday, December 11th. Finally, Northland Securities upped their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Similarweb presently has a consensus rating of “Buy” and an average price target 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.