Connor Clark & Lunn Investment Management Ltd. grew its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 50.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,465 shares of the company's stock after buying an additional 227,569 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.84% of Similarweb worth $9,600,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State of New Jersey Common Pension Fund D bought a new stake in shares of Similarweb during the 3rd quarter worth $122,000. Oppenheimer & Co. Inc. lifted its stake in Similarweb by 9.8% during the third quarter. Oppenheimer & Co. Inc. now owns 106,607 shares of the company's stock worth $942,000 after purchasing an additional 9,555 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Similarweb in the 3rd quarter worth about $75,000. Walleye Capital LLC increased its position in shares of Similarweb by 115.9% during the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company's stock valued at $3,135,000 after purchasing an additional 190,380 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Similarweb during the 3rd quarter valued at about $160,000. Hedge funds and other institutional investors own 57.59% of the company's stock.
Similarweb Trading Up 1.5 %
Shares of SMWB stock traded up $0.14 during trading hours on Wednesday, reaching $9.21. The company's stock had a trading volume of 230,128 shares, compared to its average volume of 361,953. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64. The stock has a market capitalization of $760.51 million, a P/E ratio of -65.75 and a beta of 1.08. The firm's fifty day simple moving average is $12.86 and its 200 day simple moving average is $11.52.
Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) 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, equities research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $14.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities increased 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. William Blair reissued an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. JMP Securities restated a "market outperform" rating and set a $17.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group started coverage on Similarweb in a report on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $16.50.
View Our Latest Analysis on SMWB
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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