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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC purchased a new position in shares of Similarweb in the 4th quarter worth $576,000. Point72 Asset Management L.P. purchased a new position in shares of Similarweb during the 4th quarter worth about $1,339,000. Panoramic Capital LLC purchased a new position in shares of Similarweb during the 4th quarter worth about $1,771,000. Nuveen Asset Management LLC boosted its position in Similarweb by 24.9% in the 4th 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 period. Finally, Lazard Asset Management LLC boosted its position in Similarweb by 23.0% in the 4th 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 period. Institutional investors own 57.59% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SMWB. The Goldman Sachs Group lowered their price objective on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. JMP Securities restated a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. Jefferies Financial Group increased their price objective on shares of Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Citigroup increased their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $15.75.

Similarweb Price Performance

NYSE:SMWB traded down $0.13 during trading hours on Monday, hitting $7.30. 236,235 shares of the company were exchanged, compared to its average volume of 448,294. The stock has a market capitalization of $602.71 million, a price-to-earnings ratio of -52.10 and a beta of 1.13. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64. The company's 50 day moving average price is $7.44 and its 200-day moving average price is $10.95.

Similarweb (NYSE:SMWB - Get Free Report) last released 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 return on equity of 47.62% and a negative net margin of 4.58%. On average, equities analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.

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.