CenterBook Partners LP Acquires 147,742 Shares of Similarweb Ltd. (NYSE:SMWB)

CenterBook Partners LP increased its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 292.0% during the 4th quarter, HoldingsChannel reports. The firm owned 198,331 shares of the company’s stock after purchasing an additional 147,742 shares during the period. CenterBook Partners LP’s holdings in Similarweb were worth $2,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SMWB. Global Retirement Partners LLC acquired a new stake in shares of Similarweb in the 4th quarter valued at about $29,000. New York State Common Retirement Fund acquired a new stake in Similarweb in the 4th quarter valued at approximately $39,000. Public Employees Retirement System of Ohio bought a new stake in Similarweb in the 3rd quarter valued at approximately $70,000. Heck Capital Advisors LLC acquired a new position in Similarweb during the 4th quarter worth approximately $115,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Similarweb during the 4th quarter worth approximately $115,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMWB has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Similarweb in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their target price on Similarweb from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities boosted their price target on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Citigroup increased their price objective on Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.13.

Similarweb Stock Performance

Shares of NYSE:SMWB opened at $7.32 on Thursday. Similarweb Ltd. has a 52 week low of $5.71 and a 52 week high of $17.64. The firm has a market cap of $604.77 million, a PE ratio of -52.28 and a beta of 1.12. The firm’s fifty day moving average is $10.13 and its 200-day moving average is $11.39.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current 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.