Numerai GP LLC Decreases Stock Holdings in Similarweb Ltd. (NYSE:SMWB)

Numerai GP LLC decreased its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 55.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,668 shares of the company's stock after selling 48,306 shares during the period. Numerai GP LLC's holdings in Similarweb were worth $548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 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 buying an additional 14,282 shares in the last quarter. 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 buying an additional 103,544 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Similarweb by 10.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 102,966 shares of the company's stock worth $1,459,000 after buying an additional 10,031 shares in the last quarter. Bank of America Corp DE boosted its holdings in Similarweb by 145.0% during the fourth quarter. Bank of America Corp DE now owns 276,935 shares of the company's stock worth $3,924,000 after buying an additional 163,919 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Similarweb during the fourth quarter worth about $1,254,000. Hedge funds and other institutional investors own 57.59% of the company's stock.

Similarweb Price Performance

NYSE:SMWB traded down $0.06 during trading hours on Friday, reaching $7.30. 1,197,701 shares of the company were exchanged, compared to its average volume of 415,975. The firm has a market cap of $603.12 million, a price-to-earnings ratio of -52.14 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 stock has a 50 day simple moving average of $7.76 and a 200 day simple moving average of $11.10.

Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates 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, analysts predict that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SMWB. 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 report on Thursday. The Goldman Sachs Group cut their target price 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 set a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Jefferies Financial Group lifted their target price 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. Finally, 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. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.