13,785 Shares in Similarweb Ltd. (NYSE:SMWB) Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D bought a new position in Similarweb Ltd. (NYSE:SMWB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,785 shares of the company’s stock, valued at approximately $122,000.

A number of other hedge funds have also modified their holdings of the stock. ANTIPODES PARTNERS Ltd boosted its stake in shares of Similarweb by 122.5% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after acquiring an additional 6,376 shares in the last quarter. Blair William & Co. IL increased its holdings in Similarweb by 20.1% during the 1st quarter. Blair William & Co. IL now owns 21,662 shares of the company’s stock valued at $195,000 after purchasing an additional 3,621 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Similarweb by 10.1% in the 1st quarter. California State Teachers Retirement System now owns 26,892 shares of the company’s stock valued at $242,000 after buying an additional 2,475 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Similarweb in the 1st quarter valued at $311,000. Finally, XTX Topco Ltd increased its stake in shares of Similarweb by 63.9% in the 2nd quarter. XTX Topco Ltd now owns 49,527 shares of the company’s stock valued at $385,000 after buying an additional 19,313 shares during the period. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on SMWB shares. Barclays lifted their target price on Similarweb from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Similarweb in a report on Wednesday, August 7th. Citigroup lifted their target price on Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Northland Capmk raised Similarweb to a “strong-buy” rating in a research note on Tuesday, September 10th. Finally, JMP Securities lifted their price target on Similarweb from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $12.86.

Similarweb Price Performance

Shares of NYSE SMWB opened at $11.90 on Wednesday. The business’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $8.22. The company has a market cap of $962.94 million, a PE ratio of -108.18 and a beta of 0.84. Similarweb Ltd. has a twelve month low of $4.58 and a twelve month high of $12.09.

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.