Renaissance Technologies LLC raised its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 380,873 shares of the company's stock after buying an additional 55,873 shares during the quarter. Renaissance Technologies LLC owned about 0.47% of Similarweb worth $5,397,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of SMWB. State Street Corp raised 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. Public Employees Retirement System of Ohio bought a new stake in shares of Similarweb during the 3rd quarter valued at about $70,000. Barclays PLC lifted its holdings in Similarweb by 201.0% in the third quarter. Barclays PLC now owns 15,414 shares of the company's stock worth $136,000 after acquiring an additional 10,293 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Similarweb during the 4th quarter worth approximately $154,000. Institutional investors own 57.59% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SMWB. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 target price on shares of Similarweb in a research note on Thursday, February 13th. JMP Securities restated a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Northland Securities increased their price target on Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Citigroup upped 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. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $15.75.
Read Our Latest Stock Analysis on SMWB
Similarweb Stock Up 5.9 %
Shares of SMWB traded up $0.40 during mid-day trading on Wednesday, reaching $7.15. The company's stock had a trading volume of 422,839 shares, compared to its average volume of 390,856. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64. The company has a market cap of $590.73 million, a price-to-earnings ratio of -51.07 and a beta of 1.12. The business has a fifty day moving average of $8.51 and a 200 day moving average of $11.27.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) EPS 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%. On average, analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.
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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