Ceera Investments LLC raised its stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 22.8% 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 319,027 shares of the company's stock after buying an additional 59,200 shares during the quarter. Ceera Investments LLC owned about 0.39% of Similarweb worth $2,638,000 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.
Similarweb Price Performance
Shares of NYSE:SMWB traded up $0.34 on Friday, hitting $8.84. 372,185 shares of the company's stock were exchanged, compared to its average volume of 486,669. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The stock has a market capitalization of $730.36 million, a price-to-earnings ratio of -40.18 and a beta of 1.10. The business's 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $10.11.
Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The firm had revenue of $67.09 million during the quarter, compared to the consensus estimate of $66.37 million. Similarweb had a negative net margin of 6.97% and a negative return on equity of 71.14%. Equities analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.
Analyst Ratings Changes
SMWB has been the subject of a number of recent research reports. 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 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 report on Thursday, April 17th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $15.75.
Read Our Latest Report 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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