Oppenheimer & Co. Inc. Purchases 9,555 Shares of Similarweb Ltd. (NYSE:SMWB)

Oppenheimer & Co. Inc. lifted its position in shares of Similarweb Ltd. (NYSE:SMWB) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,607 shares of the company’s stock after purchasing an additional 9,555 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.13% of Similarweb worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Similarweb during the 1st quarter valued at about $2,820,000. Acadian Asset Management LLC lifted its holdings in shares of Similarweb by 3,663.6% during the first quarter. Acadian Asset Management LLC now owns 275,417 shares of the company’s stock valued at $2,468,000 after purchasing an additional 268,099 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Similarweb in the 3rd quarter worth approximately $886,000. Scalar Gauge Management LLC grew its stake in shares of Similarweb by 56.8% in the 2nd quarter. Scalar Gauge Management LLC now owns 593,923 shares of the company’s stock worth $4,615,000 after buying an additional 215,221 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Similarweb by 4.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company’s stock valued at $398,000 after buying an additional 2,138 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Price Performance

Shares of NYSE:SMWB opened at $11.90 on Wednesday. The stock has a market capitalization of $962.94 million, a PE ratio of -108.18 and a beta of 0.84. The firm’s 50 day moving average price is $9.18 and its 200-day moving average price is $8.22. Similarweb Ltd. has a twelve month low of $4.58 and a twelve month high of $12.09.

Analyst Ratings Changes

SMWB has been the subject of several analyst reports. Northland Securities started coverage on Similarweb in a report on Tuesday, September 10th. They set an “outperform” rating and a $15.00 price target for the company. Citigroup lifted their target price on shares of Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Similarweb in a report on Wednesday, August 7th. Barclays raised their price target on shares of Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, JMP Securities upped their price objective on Similarweb from $16.00 to $17.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $12.86.

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.