Barclays PLC Buys 10,293 Shares of Similarweb Ltd. (NYSE:SMWB)

Barclays PLC boosted its position in shares of Similarweb Ltd. (NYSE:SMWB) by 201.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Similarweb in the 3rd quarter valued at $70,000. Quantbot Technologies LP bought a new position in shares of Similarweb in the 3rd quarter valued at about $75,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Similarweb in the third quarter valued at about $122,000. Verition Fund Management LLC bought a new stake in Similarweb during the third quarter worth about $160,000. Finally, Centiva Capital LP acquired a new position in Similarweb during the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Performance

Shares of SMWB stock opened at $16.00 on Friday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -145.42 and a beta of 0.97. Similarweb Ltd. has a 52 week low of $5.71 and a 52 week high of $16.33. The company has a 50-day simple moving average of $13.78 and a 200 day simple moving average of $10.25.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $64.71 million during the quarter, compared to analyst estimates of $62.90 million. Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. During the same period in the previous year, the company posted ($0.05) EPS. Sell-side analysts forecast that Similarweb Ltd. will post -0.05 EPS for the current year.

Analyst Ratings Changes

SMWB has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Similarweb in a research report on Thursday, January 16th. Northland Securities boosted their target price 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 reiterated a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th. William Blair restated an “outperform” rating on shares of Similarweb in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Similarweb in a research note on Wednesday, December 11th. They issued a “buy” rating and a $16.00 target price for the company. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Similarweb has an average rating of “Buy” and an average target price of $13.50.

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.