Natixis Advisors LLC Makes New $255,000 Investment in Similarweb Ltd. (NYSE:SMWB)

Natixis Advisors LLC acquired a new stake in Similarweb Ltd. (NYSE:SMWB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,017 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in Similarweb during the 4th quarter worth approximately $29,000. New York State Common Retirement Fund purchased a new position in Similarweb during the 4th quarter worth approximately $39,000. Public Employees Retirement System of Ohio acquired a new position in Similarweb in the third quarter valued at $70,000. Quantbot Technologies LP purchased a new stake in shares of Similarweb during the third quarter worth approximately $75,000. Finally, Heck Capital Advisors LLC purchased a new position in Similarweb in the 4th quarter valued at $115,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SMWB. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities upped their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group reduced their price objective on shares of Similarweb from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Finally, Citigroup lifted their price target on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $16.13.

Similarweb Price Performance

Shares of Similarweb stock opened at $8.39 on Friday. Similarweb Ltd. has a 1 year low of $5.71 and a 1 year high of $17.64. The company has a market capitalization of $693.01 million, a P/E ratio of -59.91 and a beta of 1.08. The business has a 50 day moving average price of $11.87 and a 200 day moving average price of $11.48.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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, research analysts expect that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

About Similarweb

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.