Shares of Similarweb Ltd SMWB have climbed almost 77% year to date.The company's revenue growth is accelerating, "driven by returning demand and abating down sell activity," according to Needham.Analyst Scott Berg initiated coverage with a Buy rating and price target of $11.The Similarweb Thesis: Apart from revenue growth, the company's operating model is driving "rapidly improving profitability," Berg said in the initiation note.Check out other analyst stock ratings."We believe Similarweb is an early leade ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Similarweb (SMWB) has shown a solid price increase of 14.5% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, SMWB's price has increased by 36.9%, suggesting that the upward trend is still intact [5]. - SMWB is currently trading at 83.4% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - SMWB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like SMWB that are on an uptrend supported by strong fundamentals [3]. - The article suggests exploring over 45 Zacks Premium Screens tailored to different investing styles to find potential winning stocks [8].

Shares of Similarweb (SMWB) have gained 13.6% over the past four weeks to close the last trading session at $8.04, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11 indicates a potential upside of 36.8%. The mean estimate comprises six short-term price targets with a standard deviation of $1.67. While the lowest estimate of $10 indicates a 24.4% increase from the current price ...

Financial Performance - Q2 2024 revenue reached $60.6 million, representing a 13% year-over-year growth[3] - Q2 2024 non-GAAP gross margin was 82%[3] - The company has $217 million in Remaining Performance Obligations (RPO), with 75% expected to be recognized over the next 12 months[3] - The dollar-based net retention rate (NRR) for customers with over $100K ARR was 109% in Q2 2024[3] - Non-GAAP operating margin was 9% in Q2 2024[38] - Non-GAAP Normalized Free Cash Flow was $6.3 million in Q2 2024[35] Business Model & Customer Base - 44% of Annual Recurring Revenue (ARR) comes from multi-year subscriptions[3] - 60% of total ARR is generated from customers with over $100K ARR[3] - The company serves over 5,000 customers across various industries[10] Market & Strategy - The company estimates its total addressable market (TAM) to be $52 billion[17] - The company's growth strategy includes growing within existing customers, accelerating customer acquisition, deepening the product portfolio, and pursuing M&A opportunities[20] Data & Technology - The company's digital data encompasses 235 million+ E-commerce product SKUs and 8 million+ mobile apps[5] - The company delivered 150M+ insights to drive smarter decision-making[13]

Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb [NYSE: SMWB] and LivePerson [NASDAQ: LPSN]. As the recent president of Gravyty, she played a pivotal role in integrating AI and innovative technology to enhance community engagement and fundraising efforts for educational institutions and nonprofits. Eliyahu currently serves as a Growth Partner at AnD Ventures, a firm specializing in taking seed-stage start-ups to market. She also promotes the ...

Similarweb is benefiting from an expanding customer base and acquisitions like Admetricks, enhancing its digital ad intelligence offerings and overall market position. For Similarweb, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SMWB going forward to see if this recent jump can turn into more strength down the road. For ...

NOTES REGARDING THIS PRESENTATION | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|---------------------|--------|-------|------------------------------------------------|-----------------------|------------------------------------------------------------------------------|-------|--------------|-------------------------------------------------|----------------|-------| | | | | | | Introducing | by helping them: | Similarw ...

Financial Data and Key Metrics Changes - Revenue grew by 12% year-over-year to $59 million in Q1 2024, achieving the high end of guidance [19][23] - Positive free cash flow of $9.7 million was generated, resulting in a 16% free cash flow margin, marking the second consecutive quarter of positive free cash flow [11][21] - Non-GAAP operating profit was $2.8 million, with a non-GAAP operating margin of 5%, an improvement of 19 percentage points compared to the previous year [24][25] - Remaining performance obligations reached a record $214 million, up from $195 million at the end of Q4 2023 [48] Business Line Data and Key Metrics Changes - The customer base grew by 16% year-over-year to over 4,800 customers, with 42% of annual recurring revenue (ARR) contracted under multiyear commitments [10][19] - The $100,000 ARR customer segment now represents 58% of total ARR, an all-time high [23] Market Data and Key Metrics Changes - The demand for digital market data remains strong, particularly among large customers, with four seven-digit contracts closed in Q1 2024 [10][19] - The macroeconomic environment is challenging, with no significant improvement expected compared to 2020 levels [32] Company Strategy and Development Direction - The company plans to integrate and monetize ad intelligence data across its solutions, enhancing offerings in shopper intelligence, stock intelligence, and sales intelligence [20] - The introduction of SAM, an AI-powered sales assistant, aims to improve sales efficiency and effectiveness by providing data-driven insights directly into sales workflows [7][21] - The acquisition of Admetricks is expected to enhance the company's ad intelligence capabilities, although it did not materially contribute to Q1 results [6][35] Management's Comments on Operating Environment and Future Outlook - Management anticipates profitable growth and positive free cash flow in all remaining quarters of 2024, with a focus on achieving the Rule of 40 over time [12][25] - The macroeconomic environment remains challenging, with enterprise spending budgets looking stable but not significantly improving [32] Other Important Information - The company has welcomed a new Chief Revenue Officer, Susan Dunn, who brings extensive experience in market research and sales [8] - Non-GAAP gross margin improved to 81% in Q1 2024, compared to 80% in the previous year [24] Q&A Session Summary Question: Adjustments to go-to-market strategy and initiatives from the new CRO - Management highlighted two major changes: centralizing customer success efforts for SMB customers and focusing on strategic accounts by sector [27] Question: Incremental demand across product suite and monetization of SAM - Management noted strong performance in innovation products and highlighted the potential of SAM to significantly increase response rates for sales teams [29] Question: Impact of macro conditions on enterprise spending budgets - Management indicated that the macro environment remains challenging, similar to pre-2021 conditions, but enterprise budgets appear stable [32] Question: Contribution of Admetricks to customer growth and financials - Management stated that Admetricks did not materially contribute to Q1 results but is expected to enhance ad intelligence offerings in the future [35] Question: Retention stabilization and factors driving it - Management explained that retention rates are stabilizing due to recent changes in customer success strategies, particularly for SMBs [66] Question: Current state and growth potential of Investor Intelligence product - Management expressed optimism about the Investor Intelligence product, highlighting its potential in the alternative data market and upcoming enhancements [72]