Legato Capital Management LLC Has $1.12 Million Stock Position in Similarweb Ltd. (NYSE:SMWB)

Legato Capital Management LLC cut its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,207 shares of the company’s stock after selling 23,780 shares during the period. Legato Capital Management LLC’s holdings in Similarweb were worth $1,122,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Similarweb during the 3rd quarter worth approximately $70,000. Quantbot Technologies LP bought a new position in Similarweb during the 3rd quarter worth $75,000. Heck Capital Advisors LLC acquired a new stake in shares of Similarweb during the fourth quarter worth $115,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Similarweb in the third quarter valued at about $122,000. Finally, Barclays PLC boosted its position in shares of Similarweb by 201.0% in the third quarter. Barclays PLC now owns 15,414 shares of the company’s stock valued at $136,000 after acquiring an additional 10,293 shares during the period. Institutional investors own 57.59% of the company’s stock.

Similarweb Stock Performance

Shares of SMWB stock opened at $11.88 on Thursday. The business has a fifty day simple moving average of $14.92 and a 200 day simple moving average of $11.21. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month high of $17.64.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. On average, equities research analysts expect that Similarweb Ltd. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

SMWB has been the subject of several analyst reports. The Goldman Sachs Group began coverage on shares of Similarweb in a research note on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price objective for the company. Citigroup raised their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Northland Securities boosted their price target on Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Wednesday, December 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $16.50.

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.