Sei Investments Co. Acquires New Stake in Similarweb Ltd. (NYSE:SMWB)

Sei Investments Co. acquired a new stake in shares of Similarweb Ltd. (NYSE:SMWB) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 68,171 shares of the company’s stock, valued at approximately $966,000.

A number of other large investors have also bought and sold shares of SMWB. Meitav Investment House Ltd. grew 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 period. 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 bought a new position in Similarweb during the fourth quarter worth about $39,000. XTX Topco Ltd increased its stake in shares of Similarweb by 9.0% in the third quarter. XTX Topco Ltd now owns 53,980 shares of the company’s stock worth $477,000 after purchasing an additional 4,453 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Similarweb by 4.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 111,149 shares of the company’s stock valued at $1,575,000 after purchasing an additional 4,542 shares during the period. 57.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SMWB shares. Needham & Company LLC reiterated 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 reduced their price target on Similarweb from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Citigroup increased their price objective on Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Finally, JMP Securities reissued a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $16.13.

Similarweb Trading Up 0.5 %

Shares of NYSE SMWB opened at $6.98 on Tuesday. The business has a 50-day moving average of $10.90 and a 200-day moving average of $11.47. The firm has a market capitalization of $576.27 million, a price-to-earnings ratio of -49.82 and a beta of 1.12. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.64.

Similarweb (NYSE:SMWB) last released its quarterly 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 return on equity of 47.62% and a negative net margin of 4.58%. On average, analysts predict that Similarweb Ltd. will post -0.24 earnings per share for the current 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.