10,796 Shares in Similarweb Ltd. (NYSE:SMWB) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Similarweb Ltd. (NYSE:SMWB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,796 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds have also bought and sold shares of the company. Meitav Investment House Ltd. lifted its position in shares of Similarweb by 17.0% during the fourth quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company’s stock worth $182,000 after purchasing an additional 1,870 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Similarweb in the 4th quarter valued at about $29,000. New York State Common Retirement Fund bought a new position in Similarweb in the 4th quarter worth about $39,000. XTX Topco Ltd increased its position in shares of Similarweb by 9.0% during the third quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock worth $477,000 after acquiring an additional 4,453 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Similarweb by 4.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 111,149 shares of the company’s stock valued at $1,575,000 after acquiring an additional 4,542 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Jefferies Financial Group raised their price objective on Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their target price on shares of Similarweb from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Citigroup boosted their price target on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.13.

Similarweb Stock Performance

SMWB stock opened at $8.21 on Thursday. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64. The firm has a market cap of $678.30 million, a price-to-earnings ratio of -58.64 and a beta of 1.08. The firm has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $11.47.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. As a group, equities analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

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.