Walleye Capital LLC Acquires 123,764 Shares of Similarweb Ltd. (NYSE:SMWB)

Walleye Capital LLC lifted its position in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,417 shares of the company's stock after purchasing an additional 123,764 shares during the period. Walleye Capital LLC owned about 0.59% of Similarweb worth $6,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC acquired a new stake in Similarweb during the 4th quarter worth approximately $26,059,000. Victory Capital Management Inc. acquired a new position in shares of Similarweb during the fourth quarter worth $6,090,000. Next Century Growth Investors LLC grew 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 purchasing an additional 415,792 shares during the last quarter. Telemark Asset Management LLC acquired a new stake in Similarweb in the fourth quarter valued at $4,251,000. Finally, Scalar Gauge Management LLC raised its position in Similarweb by 29.2% during the 4th quarter. Scalar Gauge Management LLC now owns 1,115,778 shares of the company's stock worth $15,811,000 after purchasing an additional 251,855 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company's stock.

Similarweb Price Performance

Shares of SMWB traded down $0.20 during trading hours on Monday, hitting $6.65. The stock had a trading volume of 23,118 shares, compared to its average volume of 388,223. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64. The firm has a market capitalization of $549.42 million, a P/E ratio of -47.50 and a beta of 1.12. The firm has a 50 day simple moving average of $8.69 and a 200-day simple moving average of $11.31.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) 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%. Equities analysts predict that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SMWB. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities raised their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. JMP Securities reiterated a "market outperform" rating and set a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Jefferies Financial Group boosted their target price on shares of Similarweb from $13.00 to $23.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday. Nine 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, the company has an average rating of "Buy" and an average target price of $15.75.

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.