D. E. Shaw & Co. Inc. Has $4.15 Million Position in Similarweb Ltd. (NYSE:SMWB)

D. E. Shaw & Co. Inc. boosted its stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 54.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,584 shares of the company's stock after purchasing 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its position in 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 purchasing an additional 10,031 shares during the period. Bank of America Corp DE boosted its position in shares of Similarweb by 145.0% in the fourth quarter. Bank of America Corp DE now owns 276,935 shares of the company's stock valued at $3,924,000 after acquiring an additional 163,919 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Similarweb in the fourth quarter valued at about $1,254,000. Alyeska Investment Group L.P. boosted its position in shares of Similarweb by 15.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 375,000 shares of the company's stock valued at $5,314,000 after acquiring an additional 50,000 shares during the period. Finally, PDT Partners LLC bought a new stake in shares of Similarweb in the fourth quarter valued at about $534,000. 57.59% of the stock is owned by institutional investors.

Similarweb Trading Down 0.5%

NYSE SMWB traded down $0.04 during trading on Friday, hitting $7.50. 1,013,575 shares of the company's stock were exchanged, compared to its average volume of 439,795. The company has a market cap of $619.89 million, a PE ratio of -53.59 and a beta of 1.13. Similarweb Ltd. has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The stock's 50 day moving average price is $7.60 and its two-hundred day moving average price is $11.04.

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

Analysts Set New Price Targets

SMWB has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price target on shares of Similarweb in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Citigroup boosted their price target on Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Barclays dropped their price target on Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $15.75.

Similarweb 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.