Key Details
Price
$15.39Annual ROE
-446.22%Beta
1.07Events Calendar
Next earnings date:
Feb 13, 2025Recent quarterly earnings:
Nov 12, 2024Recent annual earnings:
Feb 13, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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I maintain my 'Buy' rating for Similarweb stock due to their re-accelerating revenue growth and improved net dollar retention metrics. Similarweb's share price has surged from $9 to nearly $15, showcasing stellar performance well above sector medians. The company reported $64.7M in Q3 revenue, marking an 18% year-over-year increase and four consecutive quarters of growth acceleration.
Similarweb's stock price performed well in 2024 as the company's business gained momentum. SMWB rose by over 170%, bringing its valuation to over $1.2 billion.
Goldman Sachs analyst Adam Hotchkiss initiated coverage on Similarweb Ltd SMWB with a Buy rating and a price target of $16.
Downgrade from buy to hold due to valuation; recommend locking in gains (~69% over 4 months) as upside is now limited. 3Q24 earnings: 18% revenue growth, 470 bps adj EBIT margin expansion, adj EPS of $0.05, beating estimates. Fundamentals strong: 101% net retention rate, focus on large enterprise accounts, and multiyear deals driving revenue visibility.
Similarweb Ltd. (NYSE:SMWB ) Q3 2024 Earnings Conference Call November 13, 2024 8:03 AM ET Company Participants Rami Myerson - Vice President, Investor Relations Or Offer - CEO and Co-Founder Jason Schwartz - CFO Conference Call Participants Ryan MacWilliams - Barclays Jason Helfstein - Oppenheimer & Co. Arjun Bhatia - William Blair Scott Berg - Needham & Company Surinder Thind - Jefferies Patrick Walravens - Citizens JMP Tyler Radke – Citi Operator Greetings, and welcome to the Similarweb Third Quarter 2024 Earnings Call.
Similarweb (SMWB) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to break-even earnings per share a year ago.
Shares of Similarweb Ltd SMWB have climbed almost 77% year to date.
TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Similarweb (NYSE:SMWB) was recognized as the Alternative Data Provider of the Year at the Hedgeweek US Awards 2024 award ceremony in New York today. The award recognizes the benefits Similarweb's data and platform provide to investors leveraging non-financial measures of company performance as a way of anticipating market trends and evaluating the performance of private and pre-IPO companies. Hedgeweek US recognized Similarweb as Alternative Data Pr.
Upgrading Similarweb to ‘Buy' due to improved revenue quality, net revenue retention, and margin profile, despite competitive pressures and modest revenue growth. Similarweb's operating expenses have stabilized, indicating a shift to sustainable growth. Competitive pressures from rivals like Semrush remain a concern, but Similarweb's focus on high-ticket, high-retention customers could drive future revenue and valuation multiples.
Similarweb (SMWB) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
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