Similarweb: Rating Upgrade As Valuation Has Turned Cheaper
I upgrade Similarweb to a buy, as fundamentals remain strong and the current valuation offers a compelling entry point. Q1 results show accelerating revenue growth and robust customer additions, especially among enterprise clients, supporting my positive outlook. Investments in go-to-market and product innovation, particularly in AI and mobile app intelligence, are driving future growth potential despite near-term margin pressure.
Similarweb (SMWB) Reports Q1 Loss, Tops Revenue Estimates
Similarweb (SMWB) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.01 per share a year ago.
Similarweb: Visible Revenue Expansion Potential
I rate Similarweb a buy, projecting a 15% upside YoY with a $10.4 price target, due to its undervaluation and growth potential in AI-enhanced offerings. Despite a 58% decline since IPO, SMWB's fundamentals are improving, with positive operating cash flow and narrowing net loss margins in FY 2024. Investment in AI capabilities is a key catalyst, enhancing B2C client visibility into consumer behaviors, unlocking potential revenue and NRR expansion opportunities for SMWB.
Similarweb Ltd. (SMWB) Q4 2024 Earnings Call Transcript
Similarweb Ltd. (NYSE:SMWB ) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants Rami Myerson - VP, IR Or Offer - Co-Founder, CEO & Director Jason Schwartz - CFO Conference Call Participants Surinder Thind - Jefferies Ryan MacWilliams - Barclays Arjun Bhatia - William Blair Luke Horton - Northland Securities Jason Helfstein - Oppenheimer Scott Berg - Needham & Company Adam Hotchkiss - Goldman Sachs Patrick Walravens - Citizens JMP Operator Greetings, and welcome to the Similarweb Fourth Quarter Fiscal Year 2024 Earnings Call.
Similarweb (SMWB) Reports Q4 Loss, Tops Revenue Estimates
Similarweb (SMWB) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.03. This compares to break-even earnings per share a year ago.
Similarweb: Price Gains Are Just The Beginning For This DaaS
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 stock price has soared and has a 21% upside
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 Initiates Similarweb Coverage, Product Upgrades Inspire Bullish Take
Goldman Sachs analyst Adam Hotchkiss initiated coverage on Similarweb Ltd SMWB with a Buy rating and a price target of $16.
Similarweb: Rating Downgrade As Upside Is Not Attractive Anymore
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. (SMWB) Q3 2024 Earnings Call Transcript
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) Q3 Earnings Miss Estimates
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.
Similarweb Analyst Initiates Coverage, Praises Firm For 'Rapidly Improving Profitability'
Shares of Similarweb Ltd SMWB have climbed almost 77% year to date.
