P.A.W. Capital Corp Decreases Stock Position in Similarweb Ltd. (NYSE:SMWB)

P.A.W. Capital Corp decreased its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 25.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after selling 100,000 shares during the quarter. Similarweb makes up about 6.1% of P.A.W. Capital Corp's holdings, making the stock its 5th biggest position. P.A.W. Capital Corp owned approximately 0.36% of Similarweb worth $2,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SMWB. New York State Common Retirement Fund acquired a new position in Similarweb in the fourth quarter worth approximately $39,000. KLP Kapitalforvaltning AS bought a new stake in Similarweb in the fourth quarter worth approximately $115,000. Heck Capital Advisors LLC acquired a new position in shares of Similarweb during the 4th quarter worth $115,000. Public Employees Retirement System of Ohio raised its holdings in shares of Similarweb by 25.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,900 shares of the company's stock valued at $140,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Similarweb in the 4th quarter valued at $153,000. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Price Performance

Shares of SMWB traded up $0.34 on Friday, reaching $8.84. 372,185 shares of the stock traded hands, compared to its average volume of 486,669. The stock's 50-day moving average price is $7.69 and its 200-day moving average price is $10.11. The firm has a market cap of $730.36 million, a price-to-earnings ratio of -40.18 and a beta of 1.10. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data 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). 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 6.97% and a negative return on equity of 71.14%. As a group, equities research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on SMWB. The Goldman Sachs Group cut their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays reduced their price objective on Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Nine equities research 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 presently has a consensus rating of "Buy" and an average price target 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.