Y.D. More Investments Ltd Buys 86,500 Shares of Similarweb Ltd. (NYSE:SMWB)

Y.D. More Investments Ltd grew its stake in Similarweb Ltd. (NYSE:SMWB) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,449,634 shares of the company’s stock after acquiring an additional 86,500 shares during the period. Similarweb accounts for 1.8% of Y.D. More Investments Ltd’s holdings, making the stock its 15th biggest holding. Y.D. More Investments Ltd owned about 1.79% of Similarweb worth $20,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after acquiring an additional 238,428 shares in the last quarter. State Street Corp raised its holdings in Similarweb by 32.5% in the third quarter. State Street Corp now owns 187,919 shares of the company’s stock worth $1,661,000 after purchasing an additional 46,102 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Similarweb during the third quarter valued at about $886,000. JPMorgan Chase & Co. boosted its holdings in shares of Similarweb by 147.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company’s stock valued at $1,516,000 after buying an additional 102,192 shares in the last quarter. Finally, Atom Investors LP grew its position in shares of Similarweb by 41.1% in the 3rd quarter. Atom Investors LP now owns 143,942 shares of the company’s stock worth $1,272,000 after buying an additional 41,935 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Similarweb Stock Performance

Similarweb stock opened at $17.32 on Wednesday. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.50. The business has a 50 day simple moving average of $14.48 and a 200-day simple moving average of $10.84.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. The company had revenue of $64.71 million during the quarter, compared to analysts’ expectations of $62.90 million. During the same period in the prior year, the business posted ($0.05) earnings per share. As a group, research analysts anticipate that Similarweb Ltd. will post -0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SMWB has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. The Goldman Sachs Group initiated coverage on Similarweb in a research note on Wednesday, December 11th. They issued a “buy” rating and a $16.00 target price for the company. Jefferies Financial Group increased their price objective on Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a report on Monday. Northland Securities lifted their target price on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Similarweb has a consensus rating of “Buy” and a consensus target price of $15.50.

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.