P.A.W. Capital Corp bought a new stake in Similarweb Ltd. (NYSE:SMWB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 400,000 shares of the company's stock, valued at approximately $3,536,000. Similarweb accounts for about 8.0% of P.A.W. Capital Corp's holdings, making the stock its 7th biggest position. P.A.W. Capital Corp owned 0.49% of Similarweb as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new position in shares of Similarweb in the 1st quarter valued at approximately $2,344,000. Oppenheimer & Co. Inc. bought a new stake in Similarweb in the 1st quarter valued at $654,000. Russell Investments Group Ltd. acquired a new position in Similarweb in the 1st quarter worth $2,820,000. Blair William & Co. IL increased its holdings in Similarweb by 20.1% during the 1st quarter. Blair William & Co. IL now owns 21,662 shares of the company's stock worth $195,000 after purchasing an additional 3,621 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Similarweb by 3,663.6% in the 1st quarter. Acadian Asset Management LLC now owns 275,417 shares of the company's stock valued at $2,468,000 after purchasing an additional 268,099 shares during the period. Institutional investors own 57.59% of the company's stock.
Similarweb Price Performance
Shares of Similarweb stock remained flat at $8.71 during trading on Friday. 113,602 shares of the stock traded hands, compared to its average volume of 143,645. The stock has a fifty day moving average of $8.88 and a two-hundred day moving average of $7.98. The firm has a market cap of $704.81 million, a PE ratio of -62.21 and a beta of 0.84. Similarweb Ltd. has a one year low of $4.58 and a one year high of $9.76.
Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Similarweb had a negative return on equity of 60.53% and a negative net margin of 5.07%. The firm had revenue of $60.64 million for the quarter, compared to analyst estimates of $60.23 million. Equities research analysts expect that Similarweb Ltd. will post -0.04 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on SMWB shares. Needham & Company LLC began coverage on Similarweb in a report on Monday, October 21st. They set a "buy" rating and a $11.00 price objective for the company. Northland Capmk upgraded shares of Similarweb to a "strong-buy" rating in a report on Tuesday, September 10th. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 target price on shares of Similarweb in a report on Wednesday, August 7th. Barclays lifted their price target on shares of Similarweb from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Finally, JMP Securities increased their price objective on shares of Similarweb from $14.00 to $16.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 21st. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $11.71.
Get Our Latest Stock 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.
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