Calamos Advisors LLC raised its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 147.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,167 shares of the company's stock after acquiring an additional 101,975 shares during the period. Calamos Advisors LLC owned about 0.21% of Similarweb worth $2,425,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Similarweb by 4.3% during the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the company's stock valued at $859,000 after acquiring an additional 4,599 shares during the period. Cubist Systematic Strategies LLC grew its stake in Similarweb by 4.4% in the second quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company's stock valued at $398,000 after purchasing an additional 2,138 shares in the last quarter. Inspire Investing LLC bought a new position in Similarweb in the third quarter valued at approximately $886,000. P.A.W. Capital Corp acquired a new stake in shares of Similarweb in the third quarter valued at approximately $3,536,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Similarweb in the third quarter valued at approximately $122,000. 57.59% of the stock is currently owned by institutional investors.
Similarweb Trading Down 0.9 %
NYSE:SMWB traded down $0.16 during trading hours on Friday, reaching $17.11. The company had a trading volume of 754,731 shares, compared to its average volume of 648,535. Similarweb Ltd. has a 52 week low of $5.71 and a 52 week high of $17.56. The firm's 50 day moving average price is $14.77 and its 200-day moving average price is $11.03. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -155.51 and a beta of 0.99.
Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.07). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. The business had revenue of $64.71 million during the quarter, compared to analysts' expectations of $62.90 million. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, analysts forecast that Similarweb Ltd. will post -0.05 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SMWB has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. The Goldman Sachs Group started coverage on Similarweb in a report on Wednesday, December 11th. They set a "buy" rating and a $16.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a research note on Thursday, January 16th. Citigroup upped their price target on Similarweb from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Similarweb in a report on Wednesday, December 11th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Similarweb currently has an average rating of "Buy" and a consensus target price of $15.50.
View Our Latest Analysis on Similarweb
Similarweb Company 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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