Similarweb (NYSE: SMWB – Get a score) will release its quarterly results after the market closes on Tuesday, November 15. Analysts expect that Similarweb will post earnings of ($0.26) per share for the quarter. Anyone interested in participating in the company’s earnings conference call can do so via this link.
Similarweb (NYSE: SMWB – Get a score) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.05. Similarweb had a negative net margin of 52.99% and a negative return on equity of 117.85%. The company had revenue of $47.59 million during the quarter, compared to the consensus estimate of $45.74 million. On average, analysts expect Similarweb to post -$1 for the current fiscal year and -$1 for the next fiscal year.
Similarweb trade down 1.1%
Shares of NYSE: SMWB opened at $5.41 on Tuesday. Similarweb has a twelve month low of $5.25 and a twelve month high of $20.97. The company’s 50-day moving average is $6.67, and its 200-day moving average is $8.39.
Institutional investors weigh in on Similarweb
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blair William & Co. IL grew its position in shares of Similarweb by 0.5% during the 1st quarter. Blair William & Co. IL now owns 309,863 shares of the company’s stock valued at $4,013,000 after purchasing an additional 1,502 shares during the last quarter. State Street Corp purchased a new position in shares of Similarweb during the second quarter valued at approximately $553,000. Bank of America Corp DE increased its position in shares of Similarweb by 39.9% during the 1st quarter. Bank of America Corp DE now owns 36,822 shares of the company’s stock valued at $477,000 after buying an additional 10,503 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Similarweb during the second quarter valued at approximately $274,000. Finally, JPMorgan Chase & Co. increased its position in shares of Similarweb by 9,213.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,940 shares of the company’s stock valued at $230,000 after buying an additional 27,640 shares during the last quarter. Institutional investors and hedge funds own 36.86% of the company’s shares.
Analyst Updates and Downgrades
Separately, Barclays reduced their price objective on shares of Similarweb from $22.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th .
Similarweb company profile
Similarweb Ltd. provides a platform for digital intelligence in the US, Europe, Asia Pacific, the UK, Israel and internationally. It provides digital research intelligence solutions that enable senior leaders, strategy, business intelligence and consumer insights teams to benchmark performance against competitors and market leaders, analyze market trends, conduct more in-depth research on specific companies and analyze public behavior; and digital marketing solutions, enabling marketing leaders, search engine optimization and content managers, pay-per-click, performance marketers, affiliate marketers and media buyers to understand the strategies of ‘online acquisition of your competitors in every marketing channel.
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