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

Numerai GP LLC trimmed its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 55.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,668 shares of the company's stock after selling 48,306 shares during the quarter. Numerai GP LLC's holdings in Similarweb were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Lazard Asset Management LLC lifted its position in shares of Similarweb by 23.0% during 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 last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Similarweb by 54.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 292,584 shares of the company's stock worth $4,146,000 after acquiring an additional 103,544 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Similarweb by 10.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 102,966 shares of the company's stock valued at $1,459,000 after purchasing an additional 10,031 shares during the period. Bank of America Corp DE increased its position in shares of Similarweb by 145.0% during the 4th quarter. Bank of America Corp DE now owns 276,935 shares of the company's stock valued at $3,924,000 after purchasing an additional 163,919 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Similarweb during the fourth quarter valued at about $1,254,000. 57.59% of the stock is currently owned by institutional investors.

Similarweb Price Performance

SMWB remained flat at $7.38 on Tuesday. The company's stock had a trading volume of 141,921 shares, compared to its average volume of 419,548. The firm's fifty day moving average is $7.73 and its 200-day moving average is $11.11. The stock has a market capitalization of $609.73 million, a price-to-earnings ratio of -53.07 and a beta of 1.13. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The company 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%. As a group, equities analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Northland Securities upped their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Citigroup lifted their price target on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Similarweb currently has an average 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.