Panoramic Capital LLC bought a new position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 125,000 shares of the company's stock, valued at approximately $1,771,000. Similarweb comprises about 0.9% of Panoramic Capital LLC's portfolio, making the stock its 25th biggest holding. Panoramic Capital LLC owned about 0.15% of Similarweb as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of Similarweb during the 4th quarter worth about $29,000. New York State Common Retirement Fund bought a new stake in shares of Similarweb during the fourth quarter worth approximately $39,000. Heck Capital Advisors LLC acquired a new position in shares of Similarweb in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS bought a new stake in Similarweb in the 4th quarter valued at $115,000. Finally, Barclays PLC grew its holdings in Similarweb by 201.0% in the 3rd quarter. Barclays PLC now owns 15,414 shares of the company's stock valued at $136,000 after buying an additional 10,293 shares in the last quarter. 57.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on SMWB shares. Citigroup raised their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Barclays lowered their price objective on Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Jefferies Financial Group raised their price target on 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 increased their price objective on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $15.75.
Check Out Our Latest Stock Analysis on SMWB
Similarweb Stock Performance
Shares of Similarweb stock traded up $0.02 during mid-day trading on Monday, hitting $7.34. 436,581 shares of the stock were exchanged, compared to its average volume of 632,144. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The company has a 50-day simple moving average of $7.76 and a 200 day simple moving average of $11.12. The company has a market capitalization of $606.51 million, a P/E ratio of -52.43 and a beta of 1.13.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) 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 the consensus estimate of $66.37 million. Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. Analysts predict that Similarweb Ltd. will post -0.24 EPS for the current year.
Similarweb Company Profile
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Free Report)
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.
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