Legato Capital Management LLC Sells 23,780 Shares of Similarweb Ltd. (NYSE:SMWB)

Legato Capital Management LLC trimmed its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 79,207 shares of the company's stock after selling 23,780 shares during the period. Legato Capital Management LLC owned about 0.10% of Similarweb worth $1,122,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SMWB. P.A.W. Capital Corp bought a new position in Similarweb in the 3rd quarter valued at $3,536,000. State of New Jersey Common Pension Fund D bought a new position in shares of Similarweb in the 3rd quarter worth $122,000. Oppenheimer & Co. Inc. boosted its position in shares of Similarweb by 9.8% in the 3rd 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company's stock worth $3,977,000 after purchasing an additional 238,428 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Similarweb in the 3rd quarter worth $75,000. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Performance

Shares of SMWB traded up $0.24 during midday trading on Friday, hitting $10.83. The stock had a trading volume of 1,108,491 shares, compared to its average volume of 648,535. The company has a 50 day simple moving average of $14.83 and a two-hundred day simple moving average of $11.28. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. Equities analysts expect that Similarweb Ltd. will post -0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SMWB shares. Jefferies Financial Group raised their price target on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research report on Thursday. 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. Citigroup lifted their target price on Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Northland Securities lifted their target price on Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $16.50.

About Similarweb

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.