Similarweb Ltd. (NYSE:SMWB) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP increased its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,372 shares of the company's stock after purchasing an additional 84,136 shares during the quarter. Two Sigma Investments LP owned approximately 0.32% of Similarweb worth $3,619,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in Similarweb during the fourth quarter worth approximately $576,000. Point72 Asset Management L.P. purchased a new stake in Similarweb in the fourth quarter valued at approximately $1,339,000. Panoramic Capital LLC purchased a new stake in Similarweb in the fourth quarter valued at approximately $1,771,000. Nuveen Asset Management LLC lifted its stake in Similarweb by 24.9% in the fourth quarter. Nuveen Asset Management LLC now owns 428,926 shares of the company's stock valued at $6,078,000 after buying an additional 85,448 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Similarweb by 23.0% in the fourth quarter. Lazard Asset Management LLC now owns 76,415 shares of the company's stock valued at $1,082,000 after buying an additional 14,282 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.

Similarweb Stock Up 1.5%

SMWB stock traded up $0.11 on Tuesday, reaching $7.40. 464,135 shares of the company's stock were exchanged, compared to its average volume of 450,102. The stock has a fifty day moving average of $7.39 and a 200-day moving average of $10.90. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month high of $17.64. The firm has a market cap of $611.05 million, a PE ratio of -52.82 and a beta of 1.13.

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 firm had revenue of $67.09 million during the quarter, compared to analyst estimates of $66.37 million. Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. On average, equities research analysts predict that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMWB. Citigroup boosted their price objective on Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Jefferies Financial Group boosted their target price on Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Barclays dropped their target price on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. The Goldman Sachs Group dropped their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.