ExodusPoint Capital Management LP increased its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 191.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,218 shares of the company's stock after purchasing an additional 44,813 shares during the period. ExodusPoint Capital Management LP owned approximately 0.08% of Similarweb worth $967,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Similarweb by 32.5% in the 3rd quarter. State Street Corp now owns 187,919 shares of the company's stock worth $1,661,000 after buying an additional 46,102 shares during the last quarter. Y.D. More Investments Ltd raised its position in Similarweb by 6.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock valued at $20,541,000 after purchasing an additional 86,500 shares in the last quarter. JPMorgan Chase & Co. raised its position in Similarweb by 147.4% during the third quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company's stock valued at $1,516,000 after purchasing an additional 102,192 shares in the last quarter. Jennison Associates LLC bought a new stake in Similarweb during the fourth quarter worth about $26,059,000. Finally, Sei Investments Co. purchased a new position in shares of Similarweb in the 4th quarter worth about $966,000. 57.59% of the stock is owned by hedge funds and other institutional investors.
Similarweb Stock Up 1.2 %
Shares of NYSE:SMWB traded up $0.08 during midday trading on Tuesday, hitting $6.96. 191,411 shares of the stock traded hands, compared to its average volume of 383,846. The stock has a market capitalization of $575.03 million, a PE ratio of -49.71 and a beta of 1.12. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64. The business's 50 day moving average is $9.51 and its two-hundred day moving average is $11.36.
Similarweb (NYSE:SMWB - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SMWB. Needham & Company LLC restated a "buy" rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Similarweb in a report on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. Northland Securities lifted their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group upped their price target on shares of Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $16.13.
Check Out Our Latest Research Report on SMWB
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.
Featured Articles
Before you consider Similarweb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Similarweb wasn't on the list.
While Similarweb currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
