Similarweb Ltd. (NYSE:SMWB) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its stake in Similarweb Ltd. (NYSE:SMWB) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,449,634 shares of the company’s stock after buying an additional 86,500 shares during the period. Similarweb makes up approximately 1.8% of Y.D. More Investments Ltd’s portfolio, making the stock its 15th biggest position. Y.D. More Investments Ltd’s holdings in Similarweb were worth $20,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SMWB. Cubist Systematic Strategies LLC increased its position in shares of Similarweb by 4.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company’s stock valued at $398,000 after purchasing an additional 2,138 shares during the last quarter. XTX Topco Ltd increased its holdings in Similarweb by 9.0% in the third quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock valued at $477,000 after buying an additional 4,453 shares during the last quarter. Renaissance Technologies LLC raised its stake in Similarweb by 4.3% in the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the company’s stock valued at $859,000 after buying an additional 4,599 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Similarweb during the 3rd quarter worth about $70,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Similarweb during the 4th quarter worth about $115,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMWB has been the subject of several recent analyst reports. Jefferies Financial Group boosted their target price on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of Similarweb in a report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Similarweb in a research note on Thursday, January 16th. Northland Securities increased their price objective on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, William Blair reiterated an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $15.50.

Similarweb Trading Up 3.8 %

Shares of SMWB opened at $17.32 on Wednesday. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.50. The company has a 50-day simple moving average of $14.48 and a 200-day simple moving average of $10.84.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $64.71 million during the quarter, compared to analysts’ expectations of $62.90 million. During the same period in the previous year, the business earned ($0.05) earnings per share. As a group, research analysts anticipate that Similarweb Ltd. will post -0.05 EPS for the current year.

Similarweb Company 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.