Victory Capital Management Inc. raised its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 14.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 493,370 shares of the company's stock after purchasing an additional 63,588 shares during the period. Victory Capital Management Inc. owned 0.60% of Similarweb worth $4,080,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new position in Similarweb during the 4th quarter valued at about $115,000. Heck Capital Advisors LLC acquired a new position in Similarweb during the 4th quarter valued at about $115,000. Fullcircle Wealth LLC acquired a new position in Similarweb during the 1st quarter valued at about $117,000. Public Employees Retirement System of Ohio boosted its stake in 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 during the period. Finally, Teacher Retirement System of Texas boosted its stake in Similarweb by 70.1% during the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company's stock valued at $152,000 after purchasing an additional 7,566 shares during the period. Institutional investors own 57.59% of the company's stock.
Similarweb Stock Performance
Shares of NYSE:SMWB opened at $8.66 on Monday. The stock has a market capitalization of $734.89 million, a price-to-earnings ratio of -39.36 and a beta of 1.10. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64. The company has a 50 day moving average price of $8.01 and a 200 day moving average price of $9.49.
Similarweb (NYSE:SMWB - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. The business had revenue of $67.09 million for the quarter, compared to the consensus estimate of $66.37 million. On average, sell-side analysts expect that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SMWB. Barclays reduced their target price on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. The Goldman Sachs Group reduced their target price on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $15.75.
Read Our Latest Analysis on Similarweb
About Similarweb
(
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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