Similarweb (NYSE:SMWB) Issues Quarterly Earnings Results

Similarweb (NYSE:SMWB) released its earnings results 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 return on equity of 44.83% and a negative net margin of 3.92%.

Similarweb Stock Down 2.0 %

SMWB traded down $0.34 during midday trading on Tuesday, hitting $16.73. 993,690 shares of the company were exchanged, compared to its average volume of 647,508. The firm’s 50 day moving average price is $14.86 and its 200-day moving average price is $11.14. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.64. The firm has a market capitalization of $1.35 billion, a P/E ratio of -152.11 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, January 16th. William Blair reiterated an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Citigroup increased their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group upped their price target on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th. Nine research 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.com, the stock currently has an average rating of “Buy” and a consensus price target of $16.50.

About Similarweb

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.