Calamos Advisors LLC Sells 86,994 Shares of Similarweb Ltd. (NYSE:SMWB)

Calamos Advisors LLC reduced its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 50.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,173 shares of the company's stock after selling 86,994 shares during the period. Calamos Advisors LLC owned about 0.10% of Similarweb worth $696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Similarweb during the fourth quarter valued at $22,536,000. T. Rowe Price Investment Management Inc. acquired a new position in Similarweb during the 4th quarter valued at about $9,563,000. Victory Capital Management Inc. bought a new position in Similarweb in the fourth quarter valued at approximately $6,090,000. Next Century Growth Investors LLC grew its holdings in Similarweb by 146.7% during the 4th quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company's stock worth $9,907,000 after acquiring an additional 415,792 shares during the period. Finally, Telemark Asset Management LLC bought a new stake in shares of Similarweb during the 4th quarter valued at $4,251,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays cut their target price on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. The Goldman Sachs Group cut their price target on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Similarweb has a consensus rating of "Buy" and a consensus price target of $15.75.

Similarweb Stock Performance

SMWB stock remained flat at $8.84 during mid-day trading on Monday. 865,900 shares of the company's stock traded hands, compared to its average volume of 488,186. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64. The business has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $10.11. The company has a market cap of $730.35 million, a price-to-earnings ratio of -40.18 and a beta of 1.10.

Similarweb (NYSE:SMWB - Get Free Report) last announced its 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). Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. The company had revenue of $67.09 million during the quarter, compared to analyst estimates of $66.37 million. On average, equities research analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Similarweb Company 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.