Phoenix Financial Ltd. trimmed its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,522,007 shares of the company's stock after selling 37,496 shares during the period. Phoenix Financial Ltd. owned 3.12% of Similarweb worth $35,737,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of Similarweb during the third quarter worth approximately $160,000. Centiva Capital LP acquired a new position in Similarweb during the 3rd quarter worth $212,000. State Street Corp grew its stake in shares of Similarweb by 32.5% in the third quarter. State Street Corp now owns 187,919 shares of the company's stock worth $1,661,000 after purchasing an additional 46,102 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Similarweb by 9.0% during the third quarter. XTX Topco Ltd now owns 53,980 shares of the company's stock valued at $477,000 after purchasing an additional 4,453 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Similarweb during the third quarter valued at about $70,000. Institutional investors own 57.59% of the company's stock.
Similarweb Price Performance
Shares of SMWB traded up $0.05 during trading hours on Tuesday, hitting $6.93. 158,410 shares of the company were exchanged, compared to its average volume of 383,671. The company has a market capitalization of $572.55 million, a PE ratio of -49.50 and a beta of 1.12. The firm has a fifty day simple moving average of $9.51 and a 200-day simple moving average of $11.36. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64.
Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share 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%. Sell-side analysts expect that Similarweb Ltd. will post -0.24 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on SMWB shares. JMP Securities reiterated a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Jefferies Financial Group increased their price objective on shares of Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Northland Securities boosted 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. The Goldman Sachs Group decreased their price target on Similarweb from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, William Blair reiterated an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $16.13.
View Our Latest Analysis on SMWB
About Similarweb
(
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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