Similarweb Ltd. (NYSE:SMWB) Short Interest Down 28.6% in April

Similarweb Ltd. (NYSE:SMWB - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 144,300 shares, a decline of 28.6% from the April 15th total of 202,100 shares. Based on an average trading volume of 211,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Similarweb

Several hedge funds and other institutional investors have recently bought and sold shares of SMWB. Barclays PLC boosted its holdings in shares of Similarweb by 737.4% during the 3rd quarter. Barclays PLC now owns 4,966 shares of the company's stock worth $32,000 after buying an additional 4,373 shares in the last quarter. Swiss National Bank bought a new position in Similarweb during the third quarter worth $391,000. Pathstone Family Office LLC acquired a new stake in Similarweb in the third quarter worth $227,000. ANTIPODES PARTNERS Ltd bought a new stake in Similarweb in the third quarter valued at $27,000. Finally, ARK Investment Management LLC raised its holdings in shares of Similarweb by 9.8% during the fourth quarter. ARK Investment Management LLC now owns 340,739 shares of the company's stock valued at $1,816,000 after purchasing an additional 30,543 shares during the period. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Stock Down 3.2 %

Shares of NYSE SMWB traded down $0.23 during trading on Friday, reaching $7.03. The company had a trading volume of 163,547 shares, compared to its average volume of 161,988. The stock has a market cap of $552.91 million, a P/E ratio of -28.12 and a beta of 0.75. The company's fifty day moving average price is $8.33 and its 200-day moving average price is $6.71. Similarweb has a 12 month low of $4.58 and a 12 month high of $9.76.

Similarweb (NYSE:SMWB - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Similarweb had a negative return on equity of 129.91% and a negative net margin of 9.04%. The business had revenue of $56.76 million for the quarter, compared to analysts' expectations of $55.90 million. As a group, equities analysts predict that Similarweb will post -0.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SMWB. Barclays upped their price objective on shares of Similarweb from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. William Blair reissued an "outperform" rating on shares of Similarweb in a report on Tuesday, March 5th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $10.00 target price on shares of Similarweb in a report on Wednesday, February 7th. JMP Securities reissued a "market outperform" rating and set a $14.00 price target on shares of Similarweb in a research note on Friday, March 15th. Finally, Citigroup raised Similarweb from a "neutral" rating to a "buy" rating and upped their price objective for the company from $6.00 to $10.00 in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $10.60.

About Similarweb

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.