Natixis Advisors LLC Makes New $255,000 Investment in Similarweb Ltd. (NYSE:SMWB)

Natixis Advisors LLC acquired a new stake in shares of Similarweb Ltd. (NYSE:SMWB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 18,017 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in Similarweb during the fourth quarter valued at about $29,000. New York State Common Retirement Fund purchased a new stake in shares of Similarweb during the 4th quarter worth about $39,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Similarweb during the 3rd quarter worth about $70,000. Quantbot Technologies LP acquired a new stake in Similarweb during the 3rd quarter worth approximately $75,000. Finally, Heck Capital Advisors LLC purchased a new position in Similarweb in the fourth quarter valued at approximately $115,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SMWB. Jefferies Financial Group increased their price objective on shares of Similarweb from $13.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on Similarweb from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday. Northland Securities boosted their price objective on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Similarweb in a research note on Thursday, February 13th. Finally, William Blair reissued an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Similarweb currently has a consensus rating of “Buy” and an average price target of $16.13.

Similarweb Stock Down 2.4 %

Shares of NYSE SMWB opened at $8.39 on Friday. Similarweb Ltd. has a fifty-two week low of $5.71 and a fifty-two week high of $17.64. The business has a 50 day moving average price of $11.87 and a two-hundred day moving average price of $11.48. The firm has a market cap of $693.01 million, a PE ratio of -59.91 and a beta of 1.08.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share (EPS) 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%. On average, analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current year.

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.