Bank of America Corp DE grew its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 145.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,935 shares of the company's stock after acquiring an additional 163,919 shares during the period. Bank of America Corp DE owned about 0.34% of Similarweb worth $3,924,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in shares of Similarweb in the fourth quarter valued at $1,254,000. Alyeska Investment Group L.P. increased its position in shares of Similarweb by 15.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 375,000 shares of the company's stock valued at $5,314,000 after buying an additional 50,000 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Similarweb in the fourth quarter valued at $534,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Similarweb in the fourth quarter valued at $22,536,000. Finally, Northern Trust Corp raised its position in Similarweb by 437.4% during the fourth quarter. Northern Trust Corp now owns 66,277 shares of the company's stock worth $939,000 after acquiring an additional 53,945 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on SMWB shares. Barclays cut their target price on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. The Goldman Sachs Group cut their target price on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Citigroup lifted their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group lifted their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Needham & Company LLC restated a "buy" rating and set a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Similarweb presently has an average rating of "Buy" and a consensus price target of $15.75.
View Our Latest Research Report on SMWB
Similarweb Trading Up 0.1%
Shares of NYSE SMWB traded up $0.01 during midday trading on Friday, reaching $7.42. 849,030 shares of the stock were exchanged, compared to its average volume of 449,130. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64. The stock has a 50 day moving average price of $7.44 and a 200-day moving average price of $10.96. The company has a market capitalization of $613.03 million, a P/E ratio of -53.00 and a beta of 1.13.
Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). The company had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.37 million. Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. On average, analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current year.
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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