Similarweb Ltd. (NYSE:SMWB) Stake Increased by CenterBook Partners LP

CenterBook Partners LP increased its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 292.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,331 shares of the company’s stock after buying an additional 147,742 shares during the quarter. CenterBook Partners LP owned 0.25% of Similarweb worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in shares of Similarweb in the third quarter worth approximately $160,000. Centiva Capital LP purchased a new stake in Similarweb in the 3rd quarter worth approximately $212,000. State Street Corp boosted its stake in shares of Similarweb by 32.5% during the 3rd quarter. State Street Corp now owns 187,919 shares of the company’s stock valued at $1,661,000 after buying an additional 46,102 shares during the period. XTX Topco Ltd grew its holdings in shares of Similarweb by 9.0% during the 3rd quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock valued at $477,000 after acquiring an additional 4,453 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Similarweb in the third quarter worth $70,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Stock Up 10.4 %

Shares of NYSE:SMWB opened at $7.32 on Thursday. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The firm has a market cap of $604.77 million, a P/E ratio of -52.28 and a beta of 1.12. The company’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $11.39.

Similarweb (NYSE:SMWB) last issued its quarterly 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 net margin of 4.58% and a negative return on equity of 47.62%. As a group, equities analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMWB has been the topic of several research reports. Jefferies Financial Group upped their target price on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of Similarweb from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Citigroup increased their price target on shares of Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of Similarweb in a report on Thursday, February 13th. Finally, Northland Securities boosted their price objective on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.13.

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.