SMWB

Similarweb Ltd

TMT


Presented:01/19/2023
Price:$5.70
Cap:$0.43B
Current Price:$9.13
Cap:$0.78B

Presented

Date01/19/2023
Price$5.70
Market Cap$0.43B
Ent Value$0.42B
P/E RatioN/A
Book Value$0.42
Div Yield0%
Shares O/S76.02M
Ave Daily Vol167,115
Short Int1.69%

Current

Price$9.13
Market Cap$0.78B
SimilarWeb Ltd. engages in the provision of digital market intelligence platform. The firm develops measuring and monitoring tools of websites, and offers browser plugins and tools to explore the web and application programming interface. The company was founded by Or Offer, Nir Cohen, and Benjamin Seror in 2007 and is headquartered in Tel Aviv, Israel.

Publicly traded companies mentioned herein: SimilarWeb Ltd (SMWB)

Highlights

The presenter is long the shares of SimilarWeb Ltd (SMWB) a provider of web traffic data. Software growth stocks tumbled in 2022, the iShares Expanded Tech-Software Index (IGV) dropped 35.7%, as historic multiple compression occurred across nearly the total software landscape. The year was even worse for software companies which have yet to achieve profitability such as SMWB, with shares down 64.1% and have been down again in 2023 by 11.7%. SMWB is now trading at about 2X revenue, despite the fact that 2023 expectations are higher now than they were a year ago. The presenter believes that SMWB is among the most dislocated and oversold stocks right now, as it is on the cusp of becoming cash flow positive on a sustainable basis by Q4, 2023. The presenter sees this dynamic as a positive inflection point for the stock price.

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Idea Discussion

Commentor 1 - 2 weeks ago

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