Marshall Wace LLP Raises Stock Holdings in Similarweb Ltd. (NYSE:SMWB)

Marshall Wace LLP increased its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 358,736 shares of the company's stock after purchasing an additional 66,514 shares during the period. Marshall Wace LLP owned approximately 0.44% of Similarweb worth $5,083,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SMWB. Jennison Associates LLC purchased a new position in shares of Similarweb in the 4th quarter worth about $26,059,000. Y.D. More Investments Ltd boosted its stake in Similarweb by 6.3% in the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company's stock worth $20,541,000 after buying an additional 86,500 shares in the last quarter. Scalar Gauge Management LLC grew its position in Similarweb by 29.2% during the fourth quarter. Scalar Gauge Management LLC now owns 1,115,778 shares of the company's stock valued at $15,811,000 after acquiring an additional 251,855 shares during the last quarter. Next Century Growth Investors LLC raised its stake in shares of Similarweb by 146.7% during the fourth quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company's stock worth $9,907,000 after acquiring an additional 415,792 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Similarweb by 50.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,465 shares of the company's stock worth $9,600,000 after acquiring an additional 227,569 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Trading Down 1.2 %

Shares of SMWB stock traded down $0.09 during trading hours on Wednesday, reaching $7.48. The company's stock had a trading volume of 372,454 shares, compared to its average volume of 395,680. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64. The stock has a market capitalization of $617.99 million, a P/E ratio of -53.42 and a beta of 1.12. The firm's fifty day simple moving average is $8.18 and its 200 day simple moving average is $11.20.

Similarweb (NYSE:SMWB - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. As a group, equities research analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Northland Securities lifted their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Citigroup lifted their price objective on Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their target price on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group lifted their price target on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Similarweb has an average rating of "Buy" and an average target price of $15.75.

Similarweb 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.