Barclays PLC Has $136,000 Stock Holdings in Similarweb Ltd. (NYSE:SMWB)

Barclays PLC raised its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 201.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 15,414 shares of the company’s stock after purchasing an additional 10,293 shares during the period. Barclays PLC’s holdings in Similarweb were worth $136,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Scalar Gauge Management LLC boosted its stake in shares of Similarweb by 45.5% in the 3rd quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock worth $7,637,000 after buying an additional 270,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after buying an additional 238,428 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Similarweb by 60.8% in the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after buying an additional 167,500 shares during the last quarter. P.A.W. Capital Corp purchased a new position in shares of Similarweb in the 3rd quarter worth approximately $3,536,000. Finally, Walleye Capital LLC boosted its stake in shares of Similarweb by 115.9% in the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after buying an additional 190,380 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SMWB has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Similarweb in a report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price target on the stock. Northland Securities lifted their price target on shares of Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a report on Wednesday, December 11th. Citigroup boosted their target price on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, William Blair reissued an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Nine investment 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, the company presently has a consensus rating of “Buy” and a consensus price target of $13.50.

Similarweb Stock Performance

Similarweb stock opened at $14.90 on Thursday. The stock has a market cap of $1.21 billion, a P/E ratio of -135.45 and a beta of 0.97. Similarweb Ltd. has a fifty-two week low of $5.25 and a fifty-two week high of $15.10. The firm’s fifty day moving average price is $12.55 and its 200-day moving average price is $9.67.

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.