American Century Companies Inc. bought a new stake in Similarweb Ltd. (NYSE:SMWB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 727,275 shares of the company's stock, valued at approximately $6,015,000. American Century Companies Inc. owned approximately 0.88% of Similarweb as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of SMWB. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Similarweb by 61.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,762,557 shares of the company's stock valued at $22,846,000 after acquiring an additional 1,050,000 shares in the last quarter. Nuveen LLC acquired a new position in shares of Similarweb during the 1st quarter worth approximately $5,979,000. CenterBook Partners LP increased its position in shares of Similarweb by 307.2% during the 1st quarter. CenterBook Partners LP now owns 807,696 shares of the company's stock worth $6,680,000 after purchasing an additional 609,365 shares during the last quarter. Herald Investment Management Ltd acquired a new position in shares of Similarweb during the 1st quarter worth approximately $2,478,000. Finally, Sphera Management Technology Funds Ltd acquired a new position in shares of Similarweb during the 4th quarter worth approximately $2,326,000. Institutional investors own 57.59% of the company's stock.
Similarweb Stock Down 7.5%
Similarweb stock traded down $0.78 during trading hours on Tuesday, hitting $9.61. The stock had a trading volume of 1,092,937 shares, compared to its average volume of 614,399. The stock has a market cap of $815.60 million, a price-to-earnings ratio of -27.46 and a beta of 1.13. Similarweb Ltd. has a one year low of $6.36 and a one year high of $17.64. The business's 50 day simple moving average is $8.51 and its 200-day simple moving average is $8.21.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Zacks Research raised Similarweb from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Citigroup decreased their price objective on Similarweb from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Barclays reaffirmed an "overweight" rating on shares of Similarweb in a report on Wednesday, August 13th. Finally, Oppenheimer upped their price objective on Similarweb from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $14.88.
Check Out Our Latest Analysis on Similarweb
Similarweb Company 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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