Alpha Family Trust decreased its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,135,559 shares of the company's stock after selling 513,156 shares during the quarter. Similarweb accounts for approximately 9.0% of Alpha Family Trust's portfolio, making the stock its largest position. Alpha Family Trust owned about 1.40% of Similarweb worth $16,091,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in Similarweb during the 4th quarter worth approximately $29,000. New York State Common Retirement Fund purchased a new position in shares of Similarweb in the fourth quarter worth $39,000. Heck Capital Advisors LLC bought a new stake in Similarweb during the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS purchased a new stake in Similarweb during 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 worth $136,000 after acquiring an additional 10,293 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SMWB has been the subject of several research analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price objective on shares of Similarweb in a report on Thursday, February 13th. The Goldman Sachs Group reduced their price target on Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $14.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Jefferies Financial Group upped their target price on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Citigroup lifted their price target on shares of Similarweb from $14.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $15.75.
Check Out Our Latest Analysis on Similarweb
Similarweb Stock Up 1.7 %
NYSE:SMWB traded up $0.13 during trading hours on Thursday, hitting $7.58. 277,839 shares of the stock traded hands, compared to its average volume of 398,550. The company has a market cap of $626.25 million, a price-to-earnings ratio of -54.14 and a beta of 1.13. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64. The stock has a 50 day moving average price of $7.97 and a 200 day moving average price of $11.15.
Similarweb (NYSE:SMWB - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share 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%. Equities analysts forecast that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.
Similarweb Company Profile
(
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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