Similarweb Ltd. (NYSE:SMWB - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 847,700 shares, a growth of 20.2% from the January 31st total of 705,400 shares. Based on an average daily trading volume, of 758,900 shares, the short-interest ratio is presently 1.1 days. Approximately 2.0% of the shares of the company are short sold.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Northland Securities raised their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. William Blair reiterated an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. The Goldman Sachs Group assumed coverage on Similarweb in a research report on Wednesday, December 11th. They set a "buy" rating and a $16.00 target price for the company. Finally, JMP Securities reiterated a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Similarweb presently has an average rating of "Buy" and an average target price of $16.50.
View Our Latest Research Report on Similarweb
Similarweb Stock Down 1.3 %
SMWB stock traded down $0.11 during midday trading on Monday, reaching $8.97. 832,644 shares of the company's stock traded hands, compared to its average volume of 853,683. The company has a market cap of $740.76 million, a price-to-earnings ratio of -64.04 and a beta of 1.08. The company has a 50-day simple moving average of $13.62 and a two-hundred day simple moving average of $11.53. Similarweb has a 1-year low of $5.71 and a 1-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 (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 research analysts forecast that Similarweb will post -0.24 EPS for the current year.
Institutional Trading of Similarweb
Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company's stock valued at $3,977,000 after buying an additional 238,428 shares during the last quarter. State Street Corp increased its position in 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 during the period. Y.D. More Investments Ltd raised its holdings in Similarweb by 6.3% during the 4th quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock worth $20,541,000 after purchasing an additional 86,500 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Similarweb by 147.4% during the 3rd 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 period. Finally, Jennison Associates LLC bought a new position in shares of Similarweb in the 4th quarter valued at about $26,059,000. Institutional investors and hedge funds own 57.59% of the company's stock.
About Similarweb
(
Get 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.
Further Reading
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