Tidal Investments LLC purchased a new position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,641 shares of the company's stock, valued at approximately $576,000. Tidal Investments LLC owned about 0.05% of Similarweb as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Similarweb during the fourth quarter worth about $1,339,000. Panoramic Capital LLC purchased a new position in Similarweb during the fourth quarter worth about $1,771,000. Nuveen Asset Management LLC boosted its holdings in Similarweb by 24.9% during the fourth quarter. Nuveen Asset Management LLC now owns 428,926 shares of the company's stock worth $6,078,000 after purchasing an additional 85,448 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Similarweb by 23.0% during the fourth quarter. Lazard Asset Management LLC now owns 76,415 shares of the company's stock worth $1,082,000 after purchasing an additional 14,282 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Similarweb by 54.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 292,584 shares of the company's stock worth $4,146,000 after purchasing an additional 103,544 shares during the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.
Similarweb Trading Down 1.6%
Shares of NYSE SMWB traded down $0.12 during midday trading on Monday, hitting $7.30. The company's stock had a trading volume of 465,339 shares, compared to its average volume of 449,187. The stock has a fifty day moving average price of $7.41 and a 200 day moving average price of $10.92. The firm has a market capitalization of $603.12 million, a price-to-earnings ratio of -52.14 and a beta of 1.13. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64.
Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. On average, equities research analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered 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. Jefferies Financial Group lifted their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Finally, Barclays lowered 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. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Similarweb has an average rating of "Buy" and a consensus price target of $15.75.
Read Our Latest Research Report on SMWB
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.
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