Similarweb Ltd. (NYSE:SMWB) Shares Acquired by S Squared Technology LLC

S Squared Technology LLC boosted its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,056,291 shares of the company’s stock after buying an additional 28,274 shares during the period. Similarweb makes up approximately 6.2% of S Squared Technology LLC’s investment portfolio, making the stock its 2nd largest position. S Squared Technology LLC’s holdings in Similarweb were worth $14,968,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SMWB. Marshall Wace LLP boosted its stake in shares of Similarweb by 22.8% during the 4th quarter. Marshall Wace LLP now owns 358,736 shares of the company’s stock valued at $5,083,000 after buying an additional 66,514 shares during the period. Jump Financial LLC boosted its position in Similarweb by 111.3% during the fourth quarter. Jump Financial LLC now owns 67,300 shares of the company’s stock valued at $954,000 after purchasing an additional 35,446 shares during the last quarter. Portolan Capital Management LLC acquired a new stake in Similarweb during the fourth quarter valued at $4,009,000. Walleye Capital LLC increased its position in Similarweb by 34.9% in the 4th quarter. Walleye Capital LLC now owns 478,417 shares of the company’s stock worth $6,779,000 after purchasing an additional 123,764 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its stake in shares of Similarweb by 146.7% during the 4th quarter. Next Century Growth Investors LLC now owns 699,128 shares of the company’s stock worth $9,907,000 after purchasing an additional 415,792 shares in the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SMWB shares. Northland Securities boosted their price target on Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Jefferies Financial Group increased their price target on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. 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. The Goldman Sachs Group cut their target price on Similarweb from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, William Blair reiterated an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $16.13.

Similarweb Stock Performance

Shares of NYSE:SMWB opened at $6.79 on Thursday. The stock’s 50-day moving average is $9.10 and its 200-day moving average is $11.30. The company has a market cap of $560.98 million, a P/E ratio of -48.50 and a beta of 1.12. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) 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 EPS for the current year.

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.