Russell Investments Group Ltd. Boosts Stake in Similarweb Ltd. (NYSE:SMWB)

Russell Investments Group Ltd. grew its holdings in Similarweb Ltd. (NYSE:SMWB - Free Report) by 66.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,373 shares of the company's stock after buying an additional 142,807 shares during the period. Russell Investments Group Ltd. owned 0.44% of Similarweb worth $5,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in Similarweb in the 4th quarter valued at about $29,000. New York State Common Retirement Fund purchased a new stake in shares of Similarweb in the fourth quarter valued at approximately $39,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Similarweb in the third quarter valued at approximately $70,000. Heck Capital Advisors LLC acquired a new position in Similarweb during the fourth quarter worth $115,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Similarweb in the 4th quarter valued at $115,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Stock Performance

Shares of NYSE:SMWB traded up $0.07 during trading on Friday, hitting $6.79. The company's stock had a trading volume of 635,880 shares, compared to its average volume of 388,726. The company has a market capitalization of $560.98 million, a PE ratio of -48.50 and a beta of 1.12. Similarweb Ltd. has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The business has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $11.28.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.58% and a negative return on equity of 47.62%. As a group, equities analysts expect that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SMWB shares. Citigroup upped their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Northland Securities upped their price target on Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Jefferies Financial Group raised their price objective on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their target price on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research note 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $15.75.

Similarweb Company 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.