PDT Partners LLC Takes Position in Similarweb Ltd. (NYSE:SMWB)

PDT Partners LLC acquired a new stake in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 37,680 shares of the company's stock, valued at approximately $534,000.

Several other institutional investors also recently modified their holdings of the business. Schonfeld Strategic Advisors LLC bought a new stake in Similarweb in the 4th quarter valued at about $22,536,000. Northern Trust Corp raised its stake in shares of Similarweb by 437.4% during the 4th quarter. Northern Trust Corp now owns 66,277 shares of the company's stock valued at $939,000 after purchasing an additional 53,945 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Similarweb during the 4th quarter worth about $9,563,000. Freedom Investment Management Inc. purchased a new position in Similarweb during the 4th quarter valued at about $191,000. Finally, S Squared Technology LLC increased its position in shares of Similarweb by 2.8% during the fourth quarter. S Squared Technology LLC now owns 1,056,291 shares of the company's stock valued at $14,968,000 after buying an additional 28,274 shares during the period. 57.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on SMWB. JMP Securities reiterated a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a research note on Thursday, February 13th. Jefferies Financial Group boosted their target price on Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Northland Securities boosted their price objective 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. Citigroup upped their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a report on Thursday, February 13th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Similarweb currently has a consensus rating of "Buy" and an average price target of $15.75.

Similarweb Trading Up 0.4 %

NYSE SMWB traded up $0.03 during trading hours on Wednesday, hitting $7.48. 69,798 shares of the company's stock traded hands, compared to its average volume of 397,295. The firm has a market capitalization of $618.24 million, a P/E ratio of -53.46 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 business's fifty day moving average price is $8.01 and its two-hundred day moving average price is $11.18.

Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. On average, sell-side analysts expect that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

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.