Similarweb Ltd. (NYSE:SMWB) Stock Position Trimmed by Alpha Family Trust

Alpha Family Trust lessened its holdings in Similarweb Ltd. (NYSE:SMWB - Free Report) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 851,669 shares of the company's stock after selling 283,890 shares during the quarter. Similarweb accounts for about 4.1% of Alpha Family Trust's holdings, making the stock its 6th biggest position. Alpha Family Trust owned approximately 1.03% of Similarweb worth $7,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMWB. New York State Common Retirement Fund acquired a new position in Similarweb during the fourth quarter worth about $39,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Similarweb in the 4th quarter worth approximately $115,000. Heck Capital Advisors LLC acquired a new stake in shares of Similarweb in the 4th quarter worth approximately $115,000. Fullcircle Wealth LLC purchased a new position in Similarweb in the 1st quarter valued at approximately $117,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Similarweb by 25.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock worth $140,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Performance

Shares of NYSE SMWB traded up $0.34 during trading on Friday, reaching $8.84. The company had a trading volume of 372,185 shares, compared to its average volume of 484,880. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month high of $17.64. The stock has a 50-day moving average price of $7.67 and a two-hundred day moving average price of $10.19.

Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). The company had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. As a group, analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on SMWB shares. The Goldman Sachs Group lowered their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays decreased their price objective on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Nine equities 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 company currently has an average rating of "Buy" and a consensus target price of $15.75.

About Similarweb

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.