Similarweb Ltd. (NYSE:SMWB) Shares Acquired by Scalar Gauge Management LLC

Scalar Gauge Management LLC boosted its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 29.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,115,778 shares of the company’s stock after buying an additional 251,855 shares during the quarter. Similarweb makes up approximately 7.3% of Scalar Gauge Management LLC’s portfolio, making the stock its 6th biggest position. Scalar Gauge Management LLC’s holdings in Similarweb were worth $15,811,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Similarweb in the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund bought a new stake in shares of Similarweb in the 4th quarter valued at $39,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Similarweb during the third quarter worth $70,000. KLP Kapitalforvaltning AS bought a new position in Similarweb during the fourth quarter worth $115,000. Finally, Heck Capital Advisors LLC acquired a new position in Similarweb in the fourth quarter valued at $115,000. Institutional investors own 57.59% of the company’s stock.

Similarweb Price Performance

SMWB opened at $8.39 on Monday. The firm has a market capitalization of $693.01 million, a PE ratio of -59.91 and a beta of 1.08. Similarweb Ltd. has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The company’s 50-day moving average is $11.87 and its 200 day moving average is $11.50.

Similarweb (NYSE:SMWB) last posted its 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, analysts expect that Similarweb Ltd. will post -0.24 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Citigroup lifted their target price on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group increased their price target on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Northland Securities lifted their price objective on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group cut their target price on shares of Similarweb from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday. 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 company presently has a consensus rating of “Buy” and an average target price of $16.13.

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.