Similarweb Ltd. (NYSE:SMWB) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,449,634 shares of the company's stock after acquiring an additional 86,500 shares during the period. Similarweb accounts for about 1.8% of Y.D. More Investments Ltd's holdings, making the stock its 15th biggest position. Y.D. More Investments Ltd owned approximately 1.79% of Similarweb worth $20,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Similarweb in the 3rd quarter valued at approximately $70,000. Heck Capital Advisors LLC acquired a new stake in Similarweb in the fourth quarter valued at $115,000. Quantbot Technologies LP purchased a new stake in shares of Similarweb during the 3rd quarter worth $75,000. International Assets Investment Management LLC acquired a new position in shares of Similarweb during the 4th quarter worth $154,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Similarweb in the 3rd quarter valued at about $122,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Stock Down 0.9 %

Shares of SMWB traded down $0.16 during mid-day trading on Friday, hitting $17.11. The company had a trading volume of 754,731 shares, compared to its average volume of 648,535. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.56. The business's 50-day simple moving average is $14.77 and its 200-day simple moving average is $11.01. The stock has a market cap of $1.38 billion, a PE ratio of -155.51 and a beta of 0.99.

Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.07). The firm had revenue of $64.71 million for the quarter, compared to analysts' expectations of $62.90 million. Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. During the same period last year, the firm posted ($0.05) EPS. On average, sell-side analysts expect that Similarweb Ltd. will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup boosted their target price on Similarweb from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. William Blair reaffirmed an "outperform" rating on shares of Similarweb in a report on Thursday, December 19th. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Similarweb in a research note on Wednesday, December 11th. The Goldman Sachs Group initiated coverage on Similarweb in a research note on Wednesday, December 11th. They issued a "buy" rating and a $16.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $14.00 price target on shares of Similarweb in a research report on Thursday, January 16th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.50.

Similarweb 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.