Trexquant Investment LP cut its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,475 shares of the company's stock after selling 43,966 shares during the quarter. Trexquant Investment LP owned about 0.13% of Similarweb worth $1,480,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Similarweb by 236.6% during the fourth quarter. Geode Capital Management LLC now owns 33,730 shares of the company's stock worth $478,000 after buying an additional 23,708 shares in the last quarter. Scalar Gauge Management LLC grew its holdings in shares of Similarweb by 29.2% during the fourth quarter. Scalar Gauge Management LLC now owns 1,115,778 shares of the company's stock worth $15,811,000 after purchasing an additional 251,855 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Similarweb by 111.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 255,406 shares of the company's stock worth $3,619,000 after purchasing an additional 134,407 shares during the last quarter. Blair William & Co. IL raised its stake in Similarweb by 288.6% in the fourth quarter. Blair William & Co. IL now owns 97,853 shares of the company's stock valued at $1,387,000 after purchasing an additional 72,674 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Similarweb by 9.4% during the fourth quarter. JPMorgan Chase & Co. now owns 187,644 shares of the company's stock valued at $2,659,000 after purchasing an additional 16,105 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.
Similarweb Trading Up 2.8 %
Shares of NYSE:SMWB traded up $0.20 during trading on Tuesday, reaching $7.08. 94,112 shares of the company traded hands, compared to its average volume of 383,413. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64. The firm has a market capitalization of $584.53 million, a price-to-earnings ratio of -50.53 and a beta of 1.12. The business's fifty day moving average is $9.51 and its 200-day moving average is $11.36.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share 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%. On average, sell-side analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
SMWB has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. The Goldman Sachs Group cut their price objective on Similarweb from $15.00 to $13.00 and set a "buy" rating for the company in a report on Friday, March 28th. Citigroup boosted their target price on Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, JMP Securities reiterated a "market outperform" rating and set a $17.00 price target 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $16.13.
Read Our Latest Stock Report on SMWB
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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