Squarepoint Ops LLC Reduces Stock Position in Similarweb Ltd. (NYSE:SMWB)

Squarepoint Ops LLC cut its holdings in Similarweb Ltd. (NYSE:SMWB - Free Report) by 67.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,638 shares of the company's stock after selling 81,752 shares during the period. Squarepoint Ops LLC's holdings in Similarweb were worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SMWB. Global Retirement Partners LLC bought a new position in Similarweb in the fourth quarter worth approximately $29,000. New York State Common Retirement Fund bought a new position in Similarweb in the fourth quarter worth approximately $39,000. KLP Kapitalforvaltning AS bought a new position in Similarweb in the fourth quarter worth approximately $115,000. Teacher Retirement System of Texas bought a new position in Similarweb in the fourth quarter worth approximately $153,000. Finally, Keybank National Association OH bought a new position in Similarweb in the fourth quarter worth approximately $161,000. 57.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Similarweb in a research report on Thursday, February 13th. JMP Securities restated a "market outperform" rating and set a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Barclays decreased their price objective on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Citigroup raised their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group decreased their price objective 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. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Similarweb has a consensus rating of "Buy" and a consensus price target of $15.75.

Similarweb Trading Down 0.9%

SMWB traded down $0.07 during trading on Friday, hitting $7.91. 273,859 shares of the company traded hands, compared to its average volume of 452,600. The company has a market cap of $653.52 million, a PE ratio of -56.50 and a beta of 1.09. The stock's 50-day simple moving average is $7.36 and its two-hundred day simple moving average is $10.82. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The company had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. Equities analysts expect that Similarweb Ltd. will post -0.24 EPS for the current year.

About Similarweb

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.