ExodusPoint Capital Management LP raised its stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 191.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,218 shares of the company's stock after purchasing an additional 44,813 shares during the quarter. ExodusPoint Capital Management LP owned 0.08% of Similarweb worth $967,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in Similarweb during the third quarter worth $160,000. Centiva Capital LP bought a new position in shares of Similarweb in the third quarter valued at approximately $212,000. State Street Corp grew its position in Similarweb by 32.5% during the 3rd quarter. State Street Corp now owns 187,919 shares of the company's stock worth $1,661,000 after acquiring an additional 46,102 shares during the last quarter. XTX Topco Ltd increased its holdings in Similarweb by 9.0% during the 3rd quarter. XTX Topco Ltd now owns 53,980 shares of the company's stock valued at $477,000 after purchasing an additional 4,453 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Similarweb in the third quarter worth $70,000. 57.59% of the stock is currently owned by institutional investors.
Similarweb Stock Performance
NYSE SMWB traded down $0.10 on Wednesday, reaching $6.87. The company had a trading volume of 25,932 shares, compared to its average volume of 665,051. The company's fifty day moving average is $9.30 and its 200-day moving average is $11.33. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64. The firm has a market capitalization of $567.59 million, a price-to-earnings ratio of -49.07 and a beta of 1.12.
Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. William Blair restated an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. Northland Securities lifted their target price on Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on shares of Similarweb from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Citigroup raised 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. 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, the stock has an average rating of "Buy" and a consensus target price of $16.13.
Check Out Our Latest Report on Similarweb
Similarweb Profile
(
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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