517,962 Shares in Similarweb Ltd. (NYSE:SMWB) Bought by Bamco Inc. NY

Bamco Inc. NY acquired a new position in shares of Similarweb Ltd. (NYSE:SMWB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 517,962 shares of the company’s stock, valued at approximately $10,204,000. Bamco Inc. NY owned 0.70% of Similarweb as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new stake in shares of Similarweb during the second quarter worth $197,000. Carmignac Gestion bought a new position in Similarweb during the second quarter worth about $236,000. Citigroup Inc. bought a new position in Similarweb during the second quarter worth about $550,000. Noked Capital LTD bought a new position in Similarweb during the second quarter worth about $591,000. Finally, Arena Capital Advisors LLC CA bought a new position in Similarweb during the second quarter worth about $788,000. 19.87% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Similarweb from a “hold” rating to a “sell” rating in a report on Tuesday, August 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $27.67.

Shares of Similarweb stock opened at $19.74 on Monday. The firm has a 50-day moving average price of $21.14. Similarweb Ltd. has a one year low of $17.81 and a one year high of $25.50.

Similarweb (NYSE:SMWB) last released its earnings results on Wednesday, August 11th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.05). The company had revenue of $32.51 million during the quarter, compared to analyst estimates of $30.33 million. On average, sell-side analysts anticipate that Similarweb Ltd. will post -1.07 EPS for the current year.

About Similarweb

Similarweb Ltd. provides website traffic solutions through AI-driven data analytics worldwide. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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 solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.

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Institutional Ownership by Quarter for Similarweb (NYSE:SMWB)

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