Oppenheimer & Co. Inc. Raises Position in Similarweb Ltd. (NYSE:SMWB)

Oppenheimer & Co. Inc. raised its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,149 shares of the company’s stock after acquiring an additional 4,542 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Similarweb were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Meitav Investment House Ltd. boosted its stake in shares of Similarweb by 17.0% during the 4th quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company’s stock worth $182,000 after acquiring an additional 1,870 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Similarweb during the 4th quarter valued at $29,000. New York State Common Retirement Fund purchased a new position in shares of Similarweb during the 4th quarter valued at $39,000. XTX Topco Ltd lifted its stake in shares of Similarweb by 9.0% during the 3rd quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock valued at $477,000 after buying an additional 4,453 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Similarweb during the 3rd quarter valued at $70,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Stock Down 4.4 %

Similarweb stock opened at $9.12 on Tuesday. The company’s 50-day moving average price is $14.04 and its 200-day moving average price is $11.51. Similarweb Ltd. has a twelve month low of $5.71 and a twelve month high of $17.64. The company has a market cap of $737.98 million, a PE ratio of -65.14 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMWB. Jefferies Financial Group lifted their target price on shares of Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of Similarweb in a report on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Finally, Northland Securities lifted their price target on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.50.

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.