Similarweb Ltd. (NYSE:SMWB) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 54.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 292,584 shares of the company's stock after buying an additional 103,544 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.36% of Similarweb worth $4,146,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. raised its position in Similarweb by 17.0% in the fourth quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company's stock valued at $182,000 after purchasing an additional 1,870 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Similarweb during the 4th quarter worth about $29,000. New York State Common Retirement Fund purchased a new stake in shares of Similarweb in the 4th quarter valued at approximately $39,000. Oppenheimer & Co. Inc. raised its position in Similarweb by 4.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 111,149 shares of the company's stock valued at $1,575,000 after purchasing an additional 4,542 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in shares of Similarweb by 52.2% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 16,166 shares of the company's stock valued at $229,000 after buying an additional 5,542 shares during the period. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SMWB shares. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their target price on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays decreased their price target on Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Jefferies Financial Group increased their price objective on Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Citigroup raised their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Similarweb presently has an average rating of "Buy" and an average price target of $15.75.

Similarweb Stock Down 2.3%

SMWB traded down $0.17 during trading on Wednesday, hitting $7.23. 662,440 shares of the stock were exchanged, compared to its average volume of 423,998. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64. The stock has a fifty day moving average price of $7.71 and a two-hundred day moving average price of $11.08. The firm has a market capitalization of $597.42 million, a P/E ratio of -51.65 and a beta of 1.13.

Similarweb (NYSE:SMWB - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). The business had revenue of $67.09 million during the quarter, compared to analyst estimates of $66.37 million. Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. Analysts predict that Similarweb Ltd. will post -0.24 EPS for the current 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.