Nuveen Asset Management LLC Has $6.08 Million Position in Similarweb Ltd. (NYSE:SMWB)

Nuveen Asset Management LLC grew its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,926 shares of the company's stock after purchasing an additional 85,448 shares during the period. Nuveen Asset Management LLC owned about 0.53% of Similarweb worth $6,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SMWB. Heck Capital Advisors LLC purchased a new stake in Similarweb during the fourth quarter worth about $115,000. Jennison Associates LLC purchased a new stake in Similarweb during the fourth quarter worth about $26,059,000. Calamos Advisors LLC increased its stake in Similarweb by 147.4% during the fourth quarter. Calamos Advisors LLC now owns 171,167 shares of the company's stock worth $2,425,000 after purchasing an additional 101,975 shares during the period. Y.D. More Investments Ltd increased its stake in Similarweb by 6.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock worth $20,541,000 after purchasing an additional 86,500 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in Similarweb during the fourth quarter worth about $39,000. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Price Performance

Similarweb stock traded down $0.12 during mid-day trading on Monday, hitting $7.30. The company's stock had a trading volume of 464,772 shares, compared to its average volume of 449,187. The firm's 50 day moving average is $7.44 and its 200 day moving average is $10.95. The company has a market cap of $603.12 million, a PE ratio of -52.14 and a beta of 1.13. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results 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). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. The business had revenue of $67.09 million during the quarter, compared to analyst estimates of $66.37 million. As a group, analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SMWB shares. JMP Securities restated a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a research note on Thursday, February 13th. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Similarweb in a research note on Thursday, February 13th. Citigroup increased their price objective on Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. The Goldman Sachs Group decreased their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group increased their price target on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock 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.