Similarweb Ltd. (NYSE:SMWB) Shares Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,846 shares of the company’s stock after buying an additional 1,870 shares during the quarter. Meitav Investment House Ltd.’s holdings in Similarweb were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. P.A.W. Capital Corp purchased a new position in shares of Similarweb during the 3rd quarter worth about $3,536,000. State of New Jersey Common Pension Fund D purchased a new position in Similarweb during the third quarter worth approximately $122,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Similarweb by 9.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 106,607 shares of the company’s stock valued at $942,000 after purchasing an additional 9,555 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $3,977,000 after purchasing an additional 238,428 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Similarweb during the 3rd quarter worth $75,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. Northland Securities increased their target price on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Finally, Jefferies Financial Group increased their price objective 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. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $16.50.

Similarweb Stock Down 2.1 %

SMWB opened at $9.91 on Friday. The firm has a market capitalization of $801.59 million, a P/E ratio of -70.75 and a beta of 0.99. The firm’s 50 day moving average is $14.64 and its 200-day moving average is $11.35. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (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%. Equities analysts expect that Similarweb Ltd. will post -0.02 earnings per share for the current fiscal 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.