Ceera Investments LLC Increases Stock Position in Similarweb Ltd. (NYSE:SMWB)

Ceera Investments LLC lifted its position 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. The firm owned 319,027 shares of the company's stock after acquiring an additional 59,200 shares during the period. Ceera Investments LLC owned approximately 0.39% of Similarweb worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SMWB. Teacher Retirement System of Texas lifted its position in shares of Similarweb by 70.1% during the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company's stock worth $152,000 after buying an additional 7,566 shares during the last quarter. California State Teachers Retirement System grew its position in 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 acquiring an additional 10,185 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Similarweb in the 4th quarter worth about $115,000. Public Employees Retirement System of Ohio raised its position in 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 during the last quarter. Finally, Sphera Management Technology Funds Ltd bought a new position in Similarweb in the fourth quarter valued at about $2,326,000. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Performance

NYSE:SMWB traded up $0.01 on Tuesday, hitting $8.81. The stock had a trading volume of 467,402 shares, compared to its average volume of 488,103. The stock has a market cap of $727.88 million, a P/E ratio of -40.04 and a beta of 1.10. The firm's fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $10.07. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) 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 the consensus estimate of $66.37 million. Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. Equities research analysts predict that Similarweb Ltd. will post -0.24 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays dropped their price objective 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 lowered their target price 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $15.75.

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.