Nuveen LLC bought a new stake in Similarweb Ltd. (NYSE:SMWB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 722,971 shares of the company's stock, valued at approximately $5,979,000. Nuveen LLC owned 0.88% of Similarweb at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in Similarweb by 236.6% in the 4th quarter. Geode Capital Management LLC now owns 33,730 shares of the company's stock worth $478,000 after buying an additional 23,708 shares during the period. Legal & General Group Plc boosted its stake in Similarweb by 21.7% in the fourth quarter. Legal & General Group Plc now owns 39,371 shares of the company's stock valued at $558,000 after acquiring an additional 7,020 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Similarweb in the fourth quarter valued at approximately $9,563,000. Northern Trust Corp boosted its stake in Similarweb by 437.4% in the fourth quarter. Northern Trust Corp now owns 66,277 shares of the company's stock valued at $939,000 after acquiring an additional 53,945 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Similarweb in the fourth quarter valued at approximately $22,536,000. Hedge funds and other institutional investors own 57.59% of the company's stock.
Similarweb Stock Performance
SMWB stock traded down $0.05 during trading on Friday, reaching $10.35. The company had a trading volume of 635,948 shares, compared to its average volume of 611,213. The firm has a 50-day simple moving average of $8.45 and a 200-day simple moving average of $8.21. The company has a market cap of $878.74 million, a price-to-earnings ratio of -29.58 and a beta of 1.13. Similarweb Ltd. has a twelve month low of $6.36 and a twelve month high of $17.64.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on SMWB. Zacks Research upgraded shares of Similarweb from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Oppenheimer raised their target price on shares of Similarweb from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Barclays reiterated an "overweight" rating on shares of Similarweb in a research note on Wednesday, August 13th. Finally, Citigroup lowered their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Similarweb presently has a consensus rating of "Buy" and a consensus target price of $14.88.
Read Our Latest Stock Report on Similarweb
Similarweb Company Profile
(
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.
See Also
Before you consider Similarweb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Similarweb wasn't on the list.
While Similarweb currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
