Nuveen LLC purchased a new stake in Similarweb Ltd. (NYSE:SMWB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 722,971 shares of the company's stock, valued at approximately $5,979,000. Nuveen LLC owned 0.88% of Similarweb as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Similarweb by 19.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 806,174 shares of the company's stock valued at $6,667,000 after acquiring an additional 128,709 shares during the period. Herald Investment Management Ltd purchased a new position in shares of Similarweb during the 1st quarter worth approximately $2,478,000. CenterBook Partners LP raised its stake in shares of Similarweb by 307.2% during the 1st quarter. CenterBook Partners LP now owns 807,696 shares of the company's stock worth $6,680,000 after buying an additional 609,365 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of Similarweb during the 1st quarter worth approximately $261,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Similarweb by 15.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company's stock worth $174,000 after buying an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Zacks Research raised Similarweb from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays reissued an "overweight" rating on shares of Similarweb in a research note on Wednesday, August 13th. Citigroup cut their target price on Similarweb from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Oppenheimer increased their target price on Similarweb from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Similarweb has an average rating of "Buy" and an average price target of $14.88.
Check Out Our Latest Stock Analysis on Similarweb
Similarweb Stock Down 0.4%
NYSE SMWB traded down $0.05 during mid-day trading on Friday, hitting $10.35. The stock had a trading volume of 635,946 shares, compared to its average volume of 611,850. Similarweb Ltd. has a 52-week low of $6.36 and a 52-week high of $17.64. The company has a market cap of $878.71 million, a price-to-earnings ratio of -29.58 and a beta of 1.11. The company has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $8.30.
Similarweb Profile
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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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