Bailard Inc. bought a new stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 45,457 shares of the company's stock, valued at approximately $644,000. Bailard Inc. owned approximately 0.06% of Similarweb at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Jennison Associates LLC purchased a new stake in shares of Similarweb during the fourth quarter worth about $26,059,000. Y.D. More Investments Ltd grew its holdings in shares of Similarweb by 6.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock worth $20,541,000 after buying an additional 86,500 shares in the last quarter. Scalar Gauge Management LLC grew its holdings in shares of Similarweb by 45.5% during the third quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company's stock worth $7,637,000 after buying an additional 270,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Similarweb by 112.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company's stock worth $3,977,000 after buying an additional 238,428 shares in the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Similarweb by 115.9% during the third quarter. Walleye Capital LLC now owns 354,653 shares of the company's stock worth $3,135,000 after buying an additional 190,380 shares in the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Needham & Company LLC restated a "buy" rating and issued a $14.00 target price on shares of Similarweb in a report on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Similarweb in a report on Thursday, December 19th. Finally, Northland Securities boosted their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $16.50.
Get Our Latest Research Report on Similarweb
Similarweb Price Performance
SMWB stock traded down $0.18 during midday trading on Friday, reaching $9.07. 673,307 shares of the company's stock traded hands, compared to its average volume of 854,161. The company has a market capitalization of $749.60 million, a P/E ratio of -64.80 and a beta of 1.08. Similarweb Ltd. has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The business has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $11.48.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. As a group, research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
Similarweb Profile
(
Free Report)
Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers 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 intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.
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