Similarweb Ltd. provides website traffic solutions through AI-driven data analytics worldwide. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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 solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel. The company also provides shopper intelligence solutions that allows digital commerce leadership, and category and product managers to analyze a view of their customers' digital journeys, monitor consumer demand, increase brand visibility in the search process, and optimize category and product level conversion in the purchase process; and sales intelligence solutions, which enables sales management and operations, sales representatives, and account management teams to access relevant buying signals and digital insights of their customers in to generate leads quickly. In addition, it offers investor intelligence solution that allows portfolio managers, investment professionals, data scientists, and research analysts to access an end-to-end view of market, sector or company performance to ideate and monitor investment opportunities, forecast market performance, and perform due diligence. The company serves retail, consumer packaged goods, travel, consumer finance, business-to-business software, and logistics companies; and consultancies, marketing and advertising agencies, media and publishers, payment processors, and institutional investors. Similarweb Ltd. was incorporated in 2009 and is headquartered in Tel Aviv, Israel.
IPO Year: 2021
Exchange: NYSE
Website: similarweb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $11.00 | Buy | Needham |
| 9/10/2024 | $15.00 | Outperform | Northland Capital |
| 2/15/2024 | $6.00 → $10.00 | Neutral → Buy | Citigroup |
| 2/7/2024 | $10.00 | Buy | Jefferies |
| 1/12/2023 | $10.00 → $7.00 | Buy → Neutral | Citigroup |
| 5/24/2022 | $17.00 | Overweight | Cantor Fitzgerald |
| 2/23/2022 | $22.00 | Equal-Weight → Overweight | Barclays |
| 1/6/2022 | $20.00 → $22.00 | Buy | Jefferies |
| 10/21/2021 | $22.00 | Equal Weight | Barclays |
Fourth consecutive quarter of accelerating revenue growth Fourth consecutive quarter of positive free cash flow Customer base increased by 21% Similarweb Ltd. (NYSE:SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its third quarter ended September 30, 2024. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. "Revenue growth in the third quarter accelerated to 18% YoY, the fourth consecutive quart
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, today announced it will release third quarter 2024 financial results for the period ended September 30, 2024, on Tuesday, November 12, 2024, after the close of trading on the New York Stock Exchange. Management will host a conference call on Wednesday, November 13, 2024, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Similarweb's Investor Relations website at https://ir.similarweb.com. An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live call may also be accessed via
Similarweb enables joint customers to build leading solutions on Snowflake's AI Data Cloud that incorporate data and insights about web and app trends and comparisons Similarweb today announced that it has been recognized as a leader in the Modern Marketing Data Stack 2025: How Leading Marketers Are Thriving In a World Redefined By AI, Privacy and Data Gravity executed and launched by Snowflake, the AI Data Cloud company. Similarweb was recognized in the Enrichment & Hygiene category for its ability to enrich and validate any data set with digital market data. The third annual edition of Snowflake's Modern Marketing Data Stack report identifies the technologies, tools, and platforms used
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 Provider of the Year in 2021, and Hedgeweek Europe recognized Similarweb with this award in 2022. "This year's award is an excellent recognition of Similarweb's digital alternative data and its value to the Investor community," said Alyssa Lewis,
Similarweb Ltd. ("Similarweb") (NYSE:SMWB), a leading digital market intelligence company, today announced that in connection with the previously announced underwritten public offering by a selling shareholder (the "Offering"), the underwriters exercised their option to purchase an additional 525,000 ordinary shares at $7.85 per share, in full, resulting in gross proceeds to the selling shareholder of approximately $4,121,250. Similarweb did not receive any proceeds from the sale of shares by the selling shareholder. Goldman Sachs & Co. LLC and Barclays acted as book-running managers for the Offering. Citizens JMP, William Blair and Needham & Company acted as co-managers for the Offering.
Similarweb Ltd. ("Similarweb") (NYSE:SMWB), a leading digital market intelligence company, today announced the closing of a previously announced underwritten public offering by a selling shareholder (the "Offering") of 3,500,000 ordinary shares of the Company at a public offering price of $7.85 per share for total gross proceeds of $27,475,000, before deducting underwriting discounts and offering expenses. The selling shareholder has granted the underwriters a 30-day option to purchase up to an additional 525,000 ordinary shares at the public offering price, less underwriting discounts and commissions. Similarweb did not receive any proceeds from the sale of shares by the selling sharehold
Similarweb Ltd. ("Similarweb") (NYSE:SMWB), a leading digital market intelligence company, today announced the pricing of an underwritten public offering by a selling shareholder (the "Offering") of 3,500,000 ordinary shares of the Company at a public offering price of $7.85 per share for total gross proceeds of $27,475,000, before deducting underwriting discounts and offering expenses. The selling shareholder has granted the underwriters a 30-day option to purchase up to an additional 525,000 ordinary shares at the public offering price, less underwriting discounts and commissions. Similarweb will not receive any proceeds from any sale of shares by the selling shareholder. The Offering is
Similarweb Ltd. ("Similarweb") (NYSE:SMWB), a leading digital market intelligence company, today announced the launch of an underwritten public offering by a selling shareholder (the "Offering") of 3,500,000 ordinary shares of the Company. The selling shareholder intends to grant the underwriters a 30-day option to purchase up to an additional 525,000 ordinary shares at the public offering price, less underwriting discounts and commissions. Similarweb will not receive any proceeds from any sale of ordinary shares by the selling shareholder. Goldman Sachs & Co. LLC and Barclays are acting as book-running managers for the Offering. Citizens JMP, William Blair and Needham & Company are acting
Global trends identified include growth in athleisure, Korean beauty brands, "quiet luxury" and pet care Similarweb (NYSE:SMWB), a leading digital market intelligence company, published a flagship report Shaping the Market 2024: The Brands Defining Retail Trends, showing which brands are growing at a time of consumer caution and economic uncertainty – and what those brands are doing to distinguish themselves from the competition. The overarching trend: economic uncertainty means consumers are increasingly focused on obtaining value for their money. In response, successful brands are enhancing transparency and aligning pricing with the perceived value and quality of their offerings. Produ
Similarweb (NYSE:SMWB), a leading digital market intelligence company, and HypeAuditor, an influencer marketing platform for brands and agencies, today released their 2024-2025 Marketing Benchmark Report. This report showcases how digital marketing is changing at a time of AI-generated content and innovation and changes in search algorithms. Industries covered include financial services, food and beverage, media, and air travel. The report analyzes the top 500 websites per industry, sorted by traffic size, and split into performance levels of ‘giants' (the top ten websites), ‘challengers' (11-100), and ‘up & comers' (101-500), within each industry. "Benchmarking your company against compe
Fourth consecutive quarter of accelerating revenue growth Fourth consecutive quarter of positive free cash flow Customer base increased by 21% Similarweb Ltd. (NYSE:SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its third quarter ended September 30, 2024. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. "Revenue growth in the third quarter accelerated to 18% YoY, the fourth consecutive quart
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, today announced it will release third quarter 2024 financial results for the period ended September 30, 2024, on Tuesday, November 12, 2024, after the close of trading on the New York Stock Exchange. Management will host a conference call on Wednesday, November 13, 2024, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Similarweb's Investor Relations website at https://ir.similarweb.com. An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live call may also be accessed via
Revenue growth accelerated for the third consecutive quarter Fourth consecutive quarter of non-GAAP operating profit Raising guidance for 2024 revenue and non-GAAP operating profit Similarweb Ltd. (NYSE:SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its second quarter ended June 30, 2024. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. "We delivered another strong quarter with accelerating
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, today announced it will release second quarter 2024 financial results for the period ended June 30, 2024, on Tuesday, August 6, 2024, after the close of trading on the New York Stock Exchange. Management will host a conference call on Wednesday, August 7, 2024, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Similarweb's Investor Relations website at https://ir.similarweb.com. An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live call may also be accessed via telephon
Sustained momentum in both top line and bottom line performance Delivering consecutive quarters of positive free cash flow and non-GAAP operating profit Similarweb Ltd. (NYSE:SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its first quarter ended March 31, 2024. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. "Demand for our solutions from customers who value Similarweb Digital Data to make cr
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, today announced it will release first quarter 2024 financial results for the period ended March 31, 2024, on Tuesday, May 7, 2024, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, May 8, 2024, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Similarweb's Investor Relations website at https://ir.similarweb.com. An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live call may also be accessed via te
Designed to assist in the optimization of advertising campaigns across platforms, Admetricks will help cement Similarweb as the comprehensive solution for Advertising Intelligence. Similarweb (NYSE:SMWB) announced today the acquisition of Admetricks, the creator of powerful ad intelligence software, that is slated to form the core of the new Similarweb Ad Intelligence product. Founded in 2012 in Santiago, Chile and best known for empowering brands to advertise more effectively in Latin America, Admetricks will advance Similarweb's mission of providing the most comprehensive data, analytics, and optimization tools for digital marketing and advertising. Admetricks supports multimillion-do
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, today announced it will release fourth quarter and fiscal year 2023 financial results for the period ended December 31, 2023, on Tuesday, February 13, 2023, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, February 14, 2023, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Similarweb's Investor Relations website at https://ir.similarweb.com. An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live
Achieved company record gross profit and gross margin Achieved Non-GAAP operating profit for the first time Similarweb Ltd. (NYSE:SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its third quarter ended September 30, 2023. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. "We delivered another quarter of revenue growth in a challenging demand environment, and we achieved non-GAAP profitability fo
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, today announced it will release third quarter 2023 financial results for the period ended September 30, 2023, on Tuesday, November 7, 2023, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, November 8, 2023, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Similarweb's Investor Relations website at https://ir.similarweb.com. An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live call may also be a
Similarweb Ltd. (NYSE:SMWB), a leading digital market intelligence company, is pleased to announce the appointment of Lisa Campbell and Barak Eilam to its Board of Directors, with overwhelming support at the general meeting of shareholders earlier today. Their extensive experience in scaling and leading successful SaaS and technology companies will further enhance Similarweb's strategic growth and industry leadership. Or Offer, Co-Founder and CEO of Similarweb, commented, "I am thrilled to welcome Lisa and Barak to our Board of Directors. They each bring extensive experience in growing and scaling software companies, and a deep understanding of business strategy and technology that align
Similarweb Ltd. (NYSE:SMWB), a leading digital market intelligence company, is proud to announce the appointment of Kipp Bodnar to its Board of Directors, effective September 5, 2024. Bodnar, currently Chief Marketing Officer at HubSpot (NYSE:HUBS), brings a wealth of experience in scaling SaaS businesses, driving growth, and enhancing customer engagement on a global scale. "We are excited to welcome Kipp to our board," said Or Offer, Co-Founder and CEO of Similarweb. "His proven track record at HubSpot, where he played a key role in shaping the company's marketing strategy and driving exponential growth, aligns perfectly with Similarweb's mission to empower businesses with unparalleled d
Similarweb Ltd. (NYSE:SMWB), a leading digital intelligence company, announced today its acquisition of 42matters, a prominent app intelligence provider headquartered in Zurich, Switzerland. The acquisition marks a significant step in expanding Similarweb's data capabilities in the rapidly growing app analytics market, which is expected to reach $15.7 billion by 2028, with a CAGR of 20.2% (source). Integrating 42matters' advanced solutions across app store data, app engagement data, and mobile SDK data will significantly expand Similarweb's app intelligence solution. The expanded app intelligence offering will provide enhanced insights for app owners into the performance of their own apps
Similarweb Ltd. (NYSE:SMWB), a leading digital data and web analytics company, announced the appointment of Rami Myerson as Vice President, Investor Relations, effective immediately. Myerson joins Similarweb from Elbit Systems, a $9 billion defense technology company, where since 2019 he had served as Head of Investor Relations. Before that, he spent 12 years as a sell-side equity research analyst in London and Tel-Aviv, covering Aerospace and Defense and Israeli companies. He will report to Jason Schwartz, Chief Financial Officer. "We are delighted to welcome Rami to the team as part of our efforts to ramp up our engagement with investors and analysts and realize our potential," Schwar
Going beyond other sales AI co-pilots, SAM fits into existing sales workflows to pinpoint high-impact opportunities and build trust through data-driven, consultative selling. Similarweb (NYSE:SMWB) is announcing an open beta release of SAM, an AI-powered sales assistant that brings digital intelligence insights into the salesperson's daily workflow. SAM, the Similarweb Sales AI Module, is one of many ways Similarweb is combining the power of Digital Data with large language model (LLM) generative AI. The SimilarAsk™ digital assistant was introduced in 2023 to speed customer discovery of Similarweb data and insights. SAM builds on the success of the Insights Generator sidebar in Similarw
Similarweb (NYSE:SMWB), a global leader in digital intelligence, has named Susan Dunn as Chief Revenue Officer (CRO). Dunn will be responsible for driving revenue growth and overseeing the company's global Go-To-Market Organization. Dunn spent 32 years at NielsenIQ, including the past three years as CRO. Before being named CRO, she served as CEO of Byzzer, NIQ's emerging brands platform. With vast experience selling data and insights into industries like consumer packaged goods, Dunn has a proven track record of driving revenue growth, leading transformational initiatives, and delivering exceptional service to clients. Earlier in her career, she worked at The Hershey Company and Pillsbury
Financial Executive Who Guided SimilarWeb to its IPO Joins Cloud Security Leader with $100M in Funding Ermetic, a leading cloud infrastructure security company, today announced the appointment of Avi Israel as its new CFO. The company recently closed a $70M Series B round of financing and has raised $100M in funding. Avi joins Ermetic from SimilarWeb, where he served as EVP of Finance and Information Systems for eight years and managed the company's billion dollar IPO. "Avi is a proven financial executive who recently helped build a successful technology start-up from zero into a billion dollar public company," said Shai Morag, CEO of Ermetic. "He is the right person at the right time to
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Similarweb Ltd. (NYSE:SMWB), a leading digital intelligence company, announced today its acquisition of 42matters, a prominent app intelligence provider headquartered in Zurich, Switzerland. The acquisition marks a significant step in expanding Similarweb's data capabilities in the rapidly growing app analytics market, which is expected to reach $15.7 billion by 2028, with a CAGR of 20.2% (source). Integrating 42matters' advanced solutions across app store data, app engagement data, and mobile SDK data will significantly expand Similarweb's app intelligence solution. The expanded app intelligence offering will provide enhanced insights for app owners into the performance of their own apps v
Similarweb (NYSE:SMWB) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.02 by 100 percent. This is a 144.44 percent increase over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $58.982 million which beat the analyst consensus estimate of $58.960 million by 0.04 percent. This is a 11.81 percent increase over sales of $52.750 million the same period last year.
JMP Securities analyst Patrick Walravens reiterates Similarweb (NYSE:SMWB) with a Market Outperform and maintains $14 price target.
Admetricks will advance Similarweb's mission of providing the most comprehensive data, analytics, and optimization tools for digital marketing and advertising. Admetricks will continue to operate as Admetricks, a Similarweb company.
Barclays has decided to maintain its Overweight rating of Similarweb (NYSE:SMWB) and raise its price target from $8.00 to $9.00. Shares of Similarweb are trading up 6.61% over the last 24 hours, at $8.06 per share. A move to $9.00 would account for a 11.66% increase from the current share price. About Similarweb Similarweb Ltd provides a platform for digital intelligence, delivering a trusted, comprehensive, and detailed view of the digital world that empowers customers to accelerate their growth and become more competitive in the markets. Its proprietary technology analyzes billions of digital interactions and transactions every day from millions of websites and apps and turns these digital
Citigroup analyst Tyler Radke upgrades Similarweb (NYSE:SMWB) from Neutral to Buy and raises the price target from $6 to $10.
Needham initiated coverage of Similarweb with a rating of Buy and set a new price target of $11.00
Northland Capital initiated coverage of Similarweb with a rating of Outperform and set a new price target of $15.00
Citigroup upgraded Similarweb from Neutral to Buy and set a new price target of $10.00 from $6.00 previously
Jefferies resumed coverage of Similarweb with a rating of Buy and set a new price target of $10.00
Citigroup downgraded Similarweb from Buy to Neutral and set a new price target of $7.00 from $10.00 previously
Cantor Fitzgerald initiated coverage of Similarweb with a rating of Overweight and set a new price target of $17.00
Barclays upgraded Similarweb from Equal-Weight to Overweight and set a new price target of $22.00
Jefferies reiterated coverage of Similarweb with a rating of Buy and set a new price target of $22.00 from $20.00 previously
Barclays resumed coverage of Similarweb with a rating of Equal Weight and set a new price target of $22.00
Oppenheimer initiated coverage of Similarweb with a rating of Outperform and set a new price target of $27.00
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