Similarweb (NYSE:SMWB) Posts Earnings Results, Misses Expectations By $0.10 EPS

Similarweb (NYSE:SMWB) released its quarterly earnings data 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 Trading Down 2.0 %

Shares of SMWB opened at $16.73 on Wednesday. Similarweb has a 12 month low of $5.71 and a 12 month high of $17.64. The firm has a fifty day simple moving average of $14.95 and a 200 day simple moving average of $11.21. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -152.11 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of Similarweb in a research note on Thursday, January 16th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Northland Securities increased their price objective on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from 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.