Sei Investments Co. purchased a new stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 68,171 shares of the company's stock, valued at approximately $966,000. Sei Investments Co. owned about 0.08% of Similarweb at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of Similarweb during the fourth quarter valued at about $29,000. New York State Common Retirement Fund bought a new stake in Similarweb during the 4th quarter worth approximately $39,000. Public Employees Retirement System of Ohio acquired a new position in Similarweb in the 3rd quarter valued at approximately $70,000. Heck Capital Advisors LLC bought a new position in shares of Similarweb during the fourth quarter valued at $115,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Similarweb during the fourth quarter worth $153,000. 57.59% of the stock is owned by institutional investors.
Analysts Set New Price Targets
SMWB has been the subject of several analyst reports. Northland Securities raised their target price on Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their target price on Similarweb from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Jefferies Financial Group increased their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a research note on Thursday, February 13th. Nine research 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.com, Similarweb has a consensus rating of "Buy" and an average price target of $16.13.
Read Our Latest Stock Report on Similarweb
Similarweb Stock Up 0.3 %
SMWB traded up $0.02 during trading on Friday, reaching $6.88. 394,871 shares of the company were exchanged, compared to its average volume of 384,106. The company's 50-day moving average is $9.72 and its two-hundred day moving average is $11.36. Similarweb Ltd. has a 12-month low of $5.71 and a 12-month high of $17.64. The company has a market cap of $568.42 million, a price-to-earnings ratio of -49.14 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) EPS 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%. Equities analysts forecast 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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