Similarweb Ltd. (NYSE:SMWB) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Similarweb Ltd. (NYSE:SMWB) by 32.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,919 shares of the company’s stock after buying an additional 46,102 shares during the period. State Street Corp owned approximately 0.23% of Similarweb worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Scalar Gauge Management LLC grew its position in Similarweb by 45.5% in the third quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock worth $7,637,000 after acquiring an additional 270,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Similarweb by 112.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after purchasing an additional 238,428 shares during the period. Acadian Asset Management LLC increased its position in shares of Similarweb by 60.8% during the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after purchasing an additional 167,500 shares during the last quarter. P.A.W. Capital Corp acquired a new stake in shares of Similarweb during the 3rd quarter worth about $3,536,000. Finally, Walleye Capital LLC raised its holdings in Similarweb by 115.9% in the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock valued at $3,135,000 after buying an additional 190,380 shares during the period. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SMWB shares. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Similarweb in a research note on Wednesday, December 11th. The Goldman Sachs Group began coverage on Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Similarweb in a report on Wednesday, December 11th. Northland Securities upped their target price on shares of Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $13.50.

Similarweb Stock Up 0.1 %

SMWB opened at $14.17 on Thursday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -128.82 and a beta of 1.03. Similarweb Ltd. has a 52 week low of $5.07 and a 52 week high of $14.84. The business’s 50 day moving average is $11.87 and its two-hundred day moving average is $9.39.

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.