PDT Partners LLC Purchases New Shares in Similarweb Ltd. (NYSE:SMWB)

PDT Partners LLC acquired a new position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,680 shares of the company's stock, valued at approximately $534,000.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new position in shares of Similarweb during the fourth quarter valued at approximately $26,059,000. Schonfeld Strategic Advisors LLC purchased a new position in Similarweb in the 4th quarter valued at $22,536,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Similarweb during the fourth quarter worth $9,563,000. Victory Capital Management Inc. acquired a new stake in shares of Similarweb in the fourth quarter valued at about $6,090,000. Finally, Next Century Growth Investors LLC lifted its stake in shares of Similarweb by 146.7% in the fourth quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company's stock worth $9,907,000 after buying an additional 415,792 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on SMWB. Citigroup increased their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. The Goldman Sachs Group lowered their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group lifted their price target on Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of Similarweb in a research 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's stock. According to MarketBeat.com, Similarweb currently has an average rating of "Buy" and a consensus price target of $15.75.

Similarweb Price Performance

NYSE SMWB opened at $7.60 on Friday. The stock has a market capitalization of $627.66 million, a P/E ratio of -54.26 and a beta of 1.12. The firm's 50-day moving average is $8.14 and its two-hundred day moving average is $11.19. 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, February 11th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. As a group, analysts anticipate that Similarweb Ltd. will post -0.24 EPS for the current year.

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.

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