Next Century Growth Investors LLC Purchases 415,792 Shares of Similarweb Ltd. (NYSE:SMWB)

Next Century Growth Investors LLC lifted its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 146.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 699,128 shares of the company's stock after purchasing an additional 415,792 shares during the period. Next Century Growth Investors LLC owned 0.86% of Similarweb worth $9,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Similarweb in the fourth quarter valued at $29,000. New York State Common Retirement Fund bought a new stake in shares of Similarweb during the 4th quarter worth about $39,000. Public Employees Retirement System of Ohio bought a new stake in shares of Similarweb during the 3rd quarter worth about $70,000. Heck Capital Advisors LLC acquired a new position in Similarweb in the 4th quarter valued at about $115,000. Finally, KLP Kapitalforvaltning AS bought a new position in Similarweb in the 4th quarter valued at about $115,000. 57.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SMWB has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday. JMP Securities reissued a "market outperform" rating and set a $17.00 target price on shares of Similarweb in a report on Thursday, February 13th. Northland Securities boosted their target price 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $15.75.

Similarweb Price Performance

SMWB traded down $0.02 during trading on Thursday, hitting $6.70. 255,751 shares of the stock traded hands, compared to its average volume of 385,890. The business has a 50 day moving average price of $9.10 and a 200 day moving average price of $11.30. The company has a market cap of $553.55 million, a price-to-earnings ratio of -47.89 and a beta of 1.12. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) 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, equities research analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.

Similarweb 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.