State of New Jersey Common Pension Fund D Makes New $122,000 Investment in Similarweb Ltd. (NYSE:SMWB)

State of New Jersey Common Pension Fund D purchased a new position in shares of Similarweb Ltd. (NYSE:SMWB) during the third quarter, HoldingsChannel reports. The firm purchased 13,785 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors have also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Similarweb by 122.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after acquiring an additional 6,376 shares during the period. Blair William & Co. IL boosted its holdings in shares of Similarweb by 20.1% during the first quarter. Blair William & Co. IL now owns 21,662 shares of the company’s stock worth $195,000 after acquiring an additional 3,621 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Similarweb by 10.1% during the first quarter. California State Teachers Retirement System now owns 26,892 shares of the company’s stock worth $242,000 after acquiring an additional 2,475 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Similarweb during the first quarter worth approximately $311,000. Finally, XTX Topco Ltd boosted its holdings in shares of Similarweb by 63.9% during the second quarter. XTX Topco Ltd now owns 49,527 shares of the company’s stock worth $385,000 after acquiring an additional 19,313 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. William Blair restated an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Northland Securities assumed coverage on Similarweb in a research note on Tuesday, September 10th. They set an “outperform” rating and a $15.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Similarweb in a report on Wednesday, August 7th. Citigroup upped their price target on shares of Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Northland Capmk upgraded Similarweb to a “strong-buy” rating in a report on Tuesday, September 10th. Eight equities 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, Similarweb has an average rating of “Buy” and a consensus price target of $12.86.

Similarweb Price Performance

Shares of NYSE:SMWB opened at $11.90 on Wednesday. The firm has a fifty day moving average price of $9.18 and a two-hundred day moving average price of $8.22. Similarweb Ltd. has a one year low of $4.58 and a one year high of $12.09. The company has a market cap of $962.94 million, a price-to-earnings ratio of -108.18 and a beta of 0.84.

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.