Ceera Investments LLC Buys 59,200 Shares of Similarweb Ltd. (NYSE:SMWB)

Ceera Investments LLC raised its holdings in Similarweb Ltd. (NYSE:SMWB - Free Report) by 22.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,027 shares of the company's stock after purchasing an additional 59,200 shares during the quarter. Ceera Investments LLC owned 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 hedge funds also recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new stake in shares of Similarweb during the 4th quarter worth approximately $39,000. KLP Kapitalforvaltning AS purchased a new position in Similarweb during the 4th quarter valued at about $115,000. Heck Capital Advisors LLC purchased a new position in Similarweb during the fourth quarter valued at approximately $115,000. Public Employees Retirement System of Ohio increased its holdings in Similarweb by 25.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock worth $140,000 after acquiring an additional 2,000 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Similarweb by 70.1% in the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company's stock worth $152,000 after purchasing an additional 7,566 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Performance

Shares of NYSE SMWB traded up $0.01 during mid-day trading on Tuesday, hitting $8.81. The stock had a trading volume of 467,402 shares, compared to its average volume of 489,846. The business has a 50 day moving average price of $7.74 and a two-hundred day moving average price of $10.06. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64. The firm has a market cap of $727.88 million, a P/E ratio of -40.04 and a beta of 1.10.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $67.09 million during the quarter, compared to analysts' expectations of $66.37 million. Similarweb had a negative net margin of 6.97% and a negative return on equity of 71.14%. Equities research analysts predict that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on SMWB shares. Barclays lowered their price target on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. The Goldman Sachs Group decreased their price target on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Similarweb has an average rating of "Buy" and an average target price 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.