Similarweb (NYSE:SMWB - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.07) earnings per share 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 Price Performance
Similarweb stock traded up $0.24 during trading hours on Friday, hitting $10.83. The company had a trading volume of 1,108,491 shares, compared to its average volume of 648,535. The firm has a 50-day moving average of $14.83 and a 200 day moving average of $11.28. The firm has a market cap of $875.96 million, a PE ratio of -98.41 and a beta of 0.99. Similarweb has a one year low of $5.71 and a one year high of $17.64.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SMWB. Citigroup boosted their target price on Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday. William Blair reissued an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. 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 report on Monday, February 3rd. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Similarweb in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a research report on Thursday. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $16.50.
Check Out Our Latest Report on SMWB
About Similarweb
(
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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.
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