Cetera Investment Advisers bought a new position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,161 shares of the company's stock, valued at approximately $332,000.
Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Similarweb by 25.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock worth $140,000 after buying an additional 2,000 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Similarweb by 21.7% during the fourth quarter. Legal & General Group Plc now owns 39,371 shares of the company's stock worth $558,000 after buying an additional 7,020 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Similarweb by 70.1% during the first 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. Heck Capital Advisors LLC bought a new stake in shares of Similarweb during the fourth quarter worth approximately $115,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Similarweb by 10.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 102,966 shares of the company's stock worth $1,459,000 after buying an additional 10,031 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.
Similarweb Stock Performance
Shares of NYSE:SMWB opened at $8.7410 on Wednesday. Similarweb Ltd. has a 52 week low of $6.36 and a 52 week high of $17.64. The company has a market capitalization of $741.85 million, a PE ratio of -24.97 and a beta of 1.11. The company has a 50 day moving average price of $8.16 and a two-hundred day moving average price of $8.62.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Oppenheimer boosted their price target on shares of Similarweb from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Monday. Barclays reissued an "overweight" rating on shares of Similarweb in a research note on Wednesday, August 13th. Citigroup dropped their price target on shares of Similarweb from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Zacks Research raised shares of Similarweb from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.88.
View Our Latest Analysis on Similarweb
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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