Reddit: Sell The IPO Pop [Seeking Alpha]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Seeking Alpha
The company has seen strong growth in users and revenue, but is currently losing money and burning some cash. Thursday's surge puts the name at a significant price to sales valuation premium to its closest industry peers. One of the biggest market headlines on Thursday was the IPO of Reddit ( NYSE: RDDT ). The online community company saw its shares surge almost 50% for the session, even after pricing at $34 a share, the high end of its expected range. While there was plenty of green to celebrate on its first day, the valuation of this name is not something I'd get involved in currently. Reddit is a different type of social media site, where users come together to ask questions and discuss a variety of topics. The business really started to take off back in August 2005, and has been growing ever since. As the graphic below shows, the company saw strong growth in weekly active unique users in the back half of 2023, showing almost 30% year over year growth for Q4 2023. The majori
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SMWB
News
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- Truth Social tiene una ventaja frente a las plataformas de derecha que flaquean [The New York Times]The New York Times
- Similarweb to Announce First Quarter 2024 Financial Results on May 7, 2024, After Market CloseBusiness Wire
- Trump Media Stock Plummets After Truth Social Announces Live TV Streaming Platform [Yahoo! Finance]Yahoo! Finance
SMWB
Earnings
- 2/13/24 - Beat
SMWB
Sec Filings
- 3/8/24 - Form 144
- 3/7/24 - Form 144
- 3/6/24 - Form 144
- SMWB's page on the SEC website