Oppenheimer & Co. Inc. Raises Position in Similarweb Ltd. (NYSE:SMWB)

Oppenheimer & Co. Inc. boosted its stake in Similarweb Ltd. (NYSE:SMWB) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,149 shares of the company’s stock after buying an additional 4,542 shares during the period. Oppenheimer & Co. Inc. owned 0.14% of Similarweb worth $1,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meitav Investment House Ltd. increased its stake in shares of Similarweb by 17.0% during the fourth quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company’s stock valued at $182,000 after purchasing an additional 1,870 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Similarweb during the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund bought a new position in shares of Similarweb during the fourth quarter valued at approximately $39,000. Y.D. More Investments Ltd increased its stake in shares of Similarweb by 6.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company’s stock valued at $20,541,000 after purchasing an additional 86,500 shares in the last quarter. Finally, Calamos Advisors LLC increased its stake in shares of Similarweb by 147.4% during the fourth quarter. Calamos Advisors LLC now owns 171,167 shares of the company’s stock valued at $2,425,000 after purchasing an additional 101,975 shares in the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SMWB. The Goldman Sachs Group began coverage on shares of Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Citigroup raised their price target on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. William Blair reissued an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Finally, Jefferies Financial Group raised their price target on shares of Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Similarweb currently has an average rating of “Buy” and a consensus price target of $16.50.

Similarweb Trading Down 4.4 %

Shares of SMWB stock opened at $9.12 on Tuesday. Similarweb Ltd. has a 12-month low of $5.71 and a 12-month high of $17.64. The firm’s 50 day moving average is $14.04 and its 200 day moving average is $11.51. The stock has a market capitalization of $737.98 million, a P/E ratio of -65.14 and a beta of 0.99.

Similarweb (NYSE:SMWB) last issued its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. As a group, equities analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current year.

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.