New York State Common Retirement Fund Acquires New Position in Similarweb Ltd. (NYSE:SMWB)

New York State Common Retirement Fund acquired a new stake in Similarweb Ltd. (NYSE:SMWB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,754 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in Similarweb during the 3rd quarter worth approximately $70,000. Quantbot Technologies LP acquired a new position in Similarweb during the 3rd quarter worth approximately $75,000. Heck Capital Advisors LLC acquired a new position in Similarweb during the 4th quarter worth approximately $115,000. State of New Jersey Common Pension Fund D acquired a new position in Similarweb during the 3rd quarter worth approximately $122,000. Finally, Barclays PLC grew its holdings in Similarweb by 201.0% during the 3rd quarter. Barclays PLC now owns 15,414 shares of the company’s stock worth $136,000 after acquiring an additional 10,293 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

SMWB has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. Northland Securities boosted their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Similarweb in a research report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $16.50.

Similarweb Price Performance

SMWB stock opened at $9.24 on Friday. The company has a fifty day moving average price of $13.73 and a 200 day moving average price of $11.48. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The company has a market cap of $762.99 million, a price-to-earnings ratio of -65.96 and a beta of 1.08.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 anticipate 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.