Calamos Advisors LLC Decreases Position in Similarweb Ltd. (NYSE:SMWB)

Calamos Advisors LLC reduced its stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 50.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,173 shares of the company's stock after selling 86,994 shares during the quarter. Calamos Advisors LLC owned about 0.10% of Similarweb worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in Similarweb by 70.1% during the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company's stock valued at $152,000 after buying an additional 7,566 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Similarweb by 36.2% in the fourth quarter. California State Teachers Retirement System now owns 38,298 shares of the company's stock valued at $543,000 after purchasing an additional 10,185 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Similarweb in the fourth quarter valued at $115,000. Public Employees Retirement System of Ohio grew its holdings in shares of Similarweb by 25.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock valued at $140,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Sphera Management Technology Funds Ltd purchased a new position in shares of Similarweb in the fourth quarter valued at $2,326,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SMWB. Barclays lowered their price target on 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 lowered their price target on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $15.75.

Similarweb Stock Down 1.2%

Shares of SMWB traded down $0.10 during midday trading on Thursday, reaching $8.68. The company had a trading volume of 438,759 shares, compared to its average volume of 490,828. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64. The stock has a market cap of $716.97 million, a PE ratio of -39.44 and a beta of 1.10. The firm has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $10.05.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). The business 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, sell-side analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

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.