Scalar Gauge Management LLC lifted its holdings in Similarweb Ltd. (NYSE:SMWB - Free Report) by 29.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,115,778 shares of the company's stock after acquiring an additional 251,855 shares during the quarter. Similarweb makes up approximately 7.3% of Scalar Gauge Management LLC's holdings, making the stock its 6th largest holding. Scalar Gauge Management LLC owned about 1.38% of Similarweb worth $15,811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Similarweb in the 3rd quarter valued at $75,000. Walleye Capital LLC raised its holdings in Similarweb by 115.9% during the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company's stock worth $3,135,000 after purchasing an additional 190,380 shares during the last quarter. Verition Fund Management LLC acquired a new position in Similarweb during the 3rd quarter valued at about $160,000. Atom Investors LP grew its position in shares of Similarweb by 41.1% during the 3rd quarter. Atom Investors LP now owns 143,942 shares of the company's stock worth $1,272,000 after buying an additional 41,935 shares during the period. Finally, Centiva Capital LP acquired a new stake in Similarweb during the 3rd quarter worth $212,000. 57.59% of the stock is owned by institutional investors and hedge funds.
Similarweb Trading Down 9.3 %
Shares of Similarweb stock traded down $0.71 during trading on Friday, reaching $6.90. The stock had a trading volume of 357,029 shares, compared to its average volume of 376,103. Similarweb Ltd. has a 52 week low of $5.71 and a 52 week high of $17.64. The stock has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $11.45. The company has a market capitalization of $570.40 million, a price-to-earnings ratio of -49.25 and a beta of 1.08.
Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently commented on SMWB. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a report on Thursday, February 13th. Jefferies Financial Group increased their price target on shares of Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Northland Securities upped their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. William Blair reissued an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Similarweb has an average rating of "Buy" and a consensus price target of $16.13.
Read 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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