Blair William & Co. IL Increases Holdings in Similarweb Ltd. (NYSE:SMWB)

Blair William & Co. IL lifted its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 288.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,853 shares of the company's stock after purchasing an additional 72,674 shares during the period. Blair William & Co. IL owned about 0.12% of Similarweb worth $1,387,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in Similarweb in the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund bought a new stake in Similarweb during the 4th quarter valued at $39,000. Public Employees Retirement System of Ohio bought a new stake in Similarweb during the 3rd quarter valued at $70,000. Quantbot Technologies LP purchased a new stake in Similarweb during the 3rd quarter valued at $75,000. Finally, Heck Capital Advisors LLC bought a new stake in Similarweb in the 4th quarter worth $115,000. Hedge funds and other institutional investors own 57.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMWB. Citigroup upped their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. William Blair reaffirmed an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities upped their target price on Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price target on shares of Similarweb in a research note on Thursday, February 13th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $16.13.

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Similarweb Price Performance

SMWB stock traded up $0.04 during midday trading on Monday, hitting $6.98. The stock had a trading volume of 352,583 shares, compared to its average volume of 379,829. The business has a 50-day moving average of $10.90 and a two-hundred day moving average of $11.47. The firm has a market cap of $576.27 million, a price-to-earnings ratio of -49.82 and a beta of 1.12. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last released its 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 return on equity of 47.62% and a negative net margin of 4.58%. Research analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.

Similarweb Profile

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.