Similarweb (NYSE:SMWB) Announces Earnings Results

Similarweb (NYSE:SMWB) issued its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Down 2.0 %

Shares of NYSE:SMWB 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 12 month low of $5.71 and a 12 month high of $17.64. The firm’s 50 day simple moving average is $14.86 and its two-hundred day simple moving average is $11.14. The stock has a market capitalization of $1.35 billion, a PE ratio of -152.11 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Several research firms have commented on SMWB. Citigroup increased their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. William Blair reissued an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a report on Wednesday, December 11th. Northland Securities increased their price objective on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group began coverage on shares of Similarweb in a report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.