Portolan Capital Management LLC Acquires New Shares in Similarweb Ltd. (NYSE:SMWB)

Portolan Capital Management LLC bought a new position in Similarweb Ltd. (NYSE:SMWB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 282,903 shares of the company's stock, valued at approximately $4,009,000. Portolan Capital Management LLC owned 0.35% of Similarweb at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its position in shares of Similarweb by 32.5% during the 3rd quarter. State Street Corp now owns 187,919 shares of the company's stock valued at $1,661,000 after acquiring an additional 46,102 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of Similarweb by 6.3% in the 4th 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 during the period. JPMorgan Chase & Co. raised its holdings in shares of Similarweb by 147.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company's stock worth $1,516,000 after buying an additional 102,192 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Similarweb during the 4th quarter worth approximately $26,059,000. Finally, Sei Investments Co. acquired a new stake in Similarweb in the 4th quarter valued at $966,000. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Up 1.0 %

SMWB stock traded up $0.07 during trading on Friday, hitting $6.79. The company had a trading volume of 635,880 shares, compared to its average volume of 388,726. The firm has a 50-day moving average price of $8.69 and a 200-day moving average price of $11.28. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The stock has a market cap of $560.98 million, a price-to-earnings ratio of -48.50 and a beta of 1.12.

Similarweb (NYSE:SMWB - Get Free Report) last released its 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 return on equity of 47.62% and a negative net margin of 4.58%. Equities analysts expect that Similarweb Ltd. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

SMWB has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. Jefferies Financial Group upped their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Citigroup raised their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, 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. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $15.75.

Similarweb Profile

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.