Sphera Management Technology Funds Ltd acquired a new stake in Similarweb Ltd. (NYSE:SMWB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 164,145 shares of the company's stock, valued at approximately $2,326,000. Similarweb comprises about 1.3% of Sphera Management Technology Funds Ltd's investment portfolio, making the stock its 16th biggest holding. Sphera Management Technology Funds Ltd owned about 0.20% of Similarweb at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in Similarweb by 6.3% in the 4th quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock valued at $20,541,000 after purchasing an additional 86,500 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Similarweb by 147.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company's stock worth $1,516,000 after buying an additional 102,192 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Similarweb during the 4th quarter worth about $26,059,000. Sei Investments Co. bought a new stake in shares of Similarweb during the 4th quarter worth about $966,000. Finally, Marshall Wace LLP raised its position in shares of Similarweb by 22.8% during the 4th quarter. Marshall Wace LLP now owns 358,736 shares of the company's stock worth $5,083,000 after buying an additional 66,514 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.
Similarweb Stock Down 0.5%
Shares of Similarweb stock traded down $0.04 during trading on Friday, hitting $7.50. The stock had a trading volume of 1,013,575 shares, compared to its average volume of 439,795. The stock has a 50 day simple moving average of $7.60 and a 200 day simple moving average of $11.04. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64. The company has a market capitalization of $619.89 million, a PE ratio of -53.59 and a beta of 1.13.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) 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 company had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. As a group, equities analysts expect that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and set a $14.00 price target on shares of Similarweb in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Barclays dropped their target price on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Finally, Northland Securities boosted their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. 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, Similarweb presently has an average rating of "Buy" and an average target price of $15.75.
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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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