88,501 Shares in Similarweb Ltd. (NYSE:SMWB) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in Similarweb Ltd. (NYSE:SMWB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 88,501 shares of the company's stock, valued at approximately $1,254,000. BNP Paribas Financial Markets owned approximately 0.11% of Similarweb as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its holdings in Similarweb by 6.3% in the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock worth $20,541,000 after purchasing an additional 86,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Similarweb by 147.4% in the third quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company's stock worth $1,516,000 after purchasing an additional 102,192 shares in the last quarter. Jennison Associates LLC bought a new position in Similarweb in the fourth quarter worth about $26,059,000. Sei Investments Co. bought a new position in Similarweb in the fourth quarter worth about $966,000. Finally, Marshall Wace LLP raised its holdings in Similarweb by 22.8% in the fourth quarter. Marshall Wace LLP now owns 358,736 shares of the company's stock worth $5,083,000 after purchasing an additional 66,514 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Performance

Similarweb stock traded down $0.04 during trading on Friday, reaching $7.50. The company had a trading volume of 1,013,575 shares, compared to its average volume of 441,302. The firm's 50-day simple moving average is $7.60 and its 200 day simple moving average is $11.07. 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 $619.89 million, a PE ratio of -53.59 and a beta of 1.13.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly 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 analyst estimates of $66.37 million. Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. Analysts anticipate that Similarweb Ltd. will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SMWB shares. Citigroup upped their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Finally, Barclays lowered their price objective on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $15.75.

Similarweb Profile

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.