JPMorgan Chase & Co. Boosts Holdings in Similarweb Ltd. (NYSE:SMWB)

JPMorgan Chase & Co. lifted its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 9.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 187,644 shares of the company’s stock after buying an additional 16,105 shares during the period. JPMorgan Chase & Co.’s holdings in Similarweb were worth $2,659,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its position in Similarweb by 32.5% during the 3rd quarter. State Street Corp now owns 187,919 shares of the company’s stock valued at $1,661,000 after acquiring an additional 46,102 shares in the last quarter. Y.D. More Investments Ltd boosted its position in shares of Similarweb by 6.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company’s stock valued at $20,541,000 after purchasing an additional 86,500 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Similarweb during the fourth quarter valued at approximately $26,059,000. Sei Investments Co. purchased a new stake in Similarweb in the fourth quarter worth $966,000. Finally, Telemark Asset Management LLC bought a new position in Similarweb in the fourth quarter worth $4,251,000. 57.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SMWB. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Similarweb in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on shares of Similarweb from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Northland Securities lifted their target price on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Citigroup upped their price target on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.75.

Similarweb Trading Up 3.7 %

Similarweb stock opened at $6.74 on Wednesday. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64. The stock has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $11.27. The firm has a market cap of $557.10 million, a price-to-earnings ratio of -48.16 and a beta of 1.12.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

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.