CenterBook Partners LP increased its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 292.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,331 shares of the company's stock after purchasing an additional 147,742 shares during the quarter. CenterBook Partners LP owned about 0.25% of Similarweb worth $2,810,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC acquired a new stake in Similarweb during the fourth quarter valued at approximately $26,059,000. Y.D. More Investments Ltd lifted its position in shares of Similarweb by 6.3% during the 4th quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock valued at $20,541,000 after acquiring an additional 86,500 shares during the last quarter. Scalar Gauge Management LLC lifted its position in shares of Similarweb by 29.2% during the 4th quarter. Scalar Gauge Management LLC now owns 1,115,778 shares of the company's stock valued at $15,811,000 after acquiring an additional 251,855 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Similarweb by 50.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,465 shares of the company's stock worth $9,600,000 after acquiring an additional 227,569 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Similarweb in the 4th quarter worth $6,090,000. Institutional investors own 57.59% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented 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 research note on Tuesday, February 11th. The Goldman Sachs Group lowered their target price on Similarweb from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Northland Securities increased 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 reissued an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $16.13.
Read Our Latest Stock Report on SMWB
Similarweb Stock Performance
Shares of NYSE:SMWB traded up $0.05 during trading on Tuesday, hitting $6.93. 158,410 shares of the stock were exchanged, compared to its average volume of 383,671. The company's fifty day simple moving average is $9.51 and its 200-day simple moving average is $11.36. The company has a market capitalization of $572.55 million, a price-to-earnings ratio of -49.50 and a beta of 1.12. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64.
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, research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
About Similarweb
(
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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