Panoramic Capital LLC acquired a new position in Similarweb Ltd. (NYSE:SMWB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 125,000 shares of the company's stock, valued at approximately $1,771,000. Similarweb comprises about 0.9% of Panoramic Capital LLC's investment portfolio, making the stock its 25th largest holding. Panoramic Capital LLC owned approximately 0.15% of Similarweb as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC acquired a new position in shares of Similarweb in the fourth quarter worth about $26,059,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Similarweb in the 4th quarter valued at approximately $22,536,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Similarweb in the 4th quarter valued at approximately $9,563,000. Victory Capital Management Inc. purchased a new stake in shares of Similarweb in the 4th quarter valued at approximately $6,090,000. Finally, Next Century Growth Investors LLC boosted its position in shares of Similarweb by 146.7% during the 4th quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company's stock worth $9,907,000 after purchasing an additional 415,792 shares during the period. Institutional investors own 57.59% of the company's stock.
Similarweb Stock Down 0.8%
Similarweb stock traded down $0.06 on Friday, hitting $7.30. The company's stock had a trading volume of 1,197,701 shares, compared to its average volume of 415,494. The company has a fifty day moving average price of $7.76 and a 200-day moving average price of $11.09. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64. The firm has a market cap of $603.12 million, a P/E ratio of -52.14 and a beta of 1.13.
Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). The business had revenue of $67.09 million for 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%. Analysts anticipate that Similarweb Ltd. will post -0.24 EPS for the current year.
Wall Street Analyst Weigh In
SMWB has been the subject of several recent research reports. Northland Securities raised their price target on shares of Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Barclays lowered their target price on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating on the stock in a report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $14.00 price objective on shares of Similarweb in a report on Thursday, February 13th. Finally, 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. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $15.75.
View Our Latest Report on Similarweb
About Similarweb
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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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