Keybank National Association OH Takes Position in Similarweb Ltd. (NYSE:SMWB)

Keybank National Association OH bought a new position in shares of Similarweb Ltd. (NYSE:SMWB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,330 shares of the company’s stock, valued at approximately $161,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC purchased a new stake in shares of Similarweb in the 4th quarter valued at about $26,059,000. Y.D. More Investments Ltd raised its stake in Similarweb by 6.3% during the 4th quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company’s stock valued at $20,541,000 after acquiring an additional 86,500 shares during the last quarter. Scalar Gauge Management LLC raised its stake in Similarweb by 45.5% during the 3rd quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock valued at $7,637,000 after acquiring an additional 270,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Similarweb by 112.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock valued at $3,977,000 after acquiring an additional 238,428 shares during the last quarter. Finally, Walleye Capital LLC raised its stake in Similarweb by 115.9% during the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock valued at $3,135,000 after acquiring an additional 190,380 shares during the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group assumed coverage on Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities boosted their target price on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group boosted their target price on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, William Blair restated an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $16.50.

Similarweb Stock Performance

Shares of NYSE:SMWB opened at $8.77 on Wednesday. The business’s fifty day moving average price is $13.41 and its two-hundred day moving average price is $11.53. The stock has a market cap of $724.57 million, a PE ratio of -62.64 and a beta of 1.08. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64.

Similarweb (NYSE:SMWB) last issued its quarterly 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 return on equity of 47.62% and a negative net margin of 4.58%. As a group, equities research analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal 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.