Bank of America Corp DE increased its stake 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 and Exchange Commission. The fund owned 276,935 shares of the company's stock after purchasing an additional 163,919 shares during the period. Bank of America Corp DE owned approximately 0.34% of Similarweb worth $3,924,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Similarweb during the fourth quarter worth approximately $1,254,000. Alyeska Investment Group L.P. raised its stake in shares of Similarweb by 15.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 375,000 shares of the company's stock worth $5,314,000 after acquiring an additional 50,000 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Similarweb during the fourth quarter worth approximately $534,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Similarweb during the fourth quarter worth approximately $22,536,000. Finally, Northern Trust Corp raised its stake in shares of 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 in the last quarter. 57.59% of the stock is currently owned by institutional investors.
Similarweb Stock Up 1.5%
Shares of SMWB stock traded up $0.11 during mid-day trading on Tuesday, reaching $7.40. 464,135 shares of the company's stock traded hands, compared to its average volume of 450,102. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The company has a market cap of $611.05 million, a P/E ratio of -52.82 and a beta of 1.13. The company's 50-day moving average price is $7.39 and its 200-day moving average price is $10.90.
Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 47.62% and a negative net margin of 4.58%. Equities analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have recently issued reports on SMWB. Citigroup raised their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Barclays cut their target price on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Jefferies Financial Group raised their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $15.75.
Read Our Latest Stock Analysis on SMWB
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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