UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in Similarweb Ltd. (NYSE:SMWB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Similarweb Ltd. (NYSE:SMWB) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,912 shares of the company’s stock after selling 3,138 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Similarweb were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SMWB. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Similarweb by 112.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after acquiring an additional 238,428 shares during the period. Inspire Investing LLC purchased a new stake in Similarweb in the 3rd quarter worth approximately $886,000. Scalar Gauge Management LLC grew its stake in shares of Similarweb by 56.8% during the 2nd quarter. Scalar Gauge Management LLC now owns 593,923 shares of the company’s stock worth $4,615,000 after purchasing an additional 215,221 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Similarweb by 4.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company’s stock valued at $398,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Similarweb by 60.8% in the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock valued at $3,427,000 after purchasing an additional 167,500 shares during the period. 57.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of Similarweb in a research report on Thursday. Northland Securities raised their target price on Similarweb from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Citigroup lifted their price target on Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Similarweb in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group assumed coverage on Similarweb in a research report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 price objective for the company. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Similarweb presently has an average rating of “Buy” and a consensus target price of $13.50.

Similarweb Price Performance

Shares of NYSE:SMWB opened at $14.56 on Friday. Similarweb Ltd. has a 1 year low of $4.96 and a 1 year high of $14.72. The firm has a market capitalization of $1.18 billion, a PE ratio of -132.36 and a beta of 1.03. The business’s 50 day moving average price is $11.11 and its 200-day moving average price is $9.04.

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.