Similarweb Ltd. (NYSE:SMWB) Shares Sold by XTX Topco Ltd

XTX Topco Ltd reduced its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,175 shares of the company’s stock after selling 1,805 shares during the quarter. XTX Topco Ltd’s holdings in Similarweb were worth $739,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Similarweb during the 4th quarter valued at $29,000. New York State Common Retirement Fund bought a new position in Similarweb during the fourth quarter valued at about $39,000. Public Employees Retirement System of Ohio acquired a new position in Similarweb during the third quarter worth about $70,000. Heck Capital Advisors LLC bought a new stake in Similarweb in the fourth quarter worth about $115,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Similarweb in the 4th quarter valued at about $115,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Trading Up 1.0 %

Shares of SMWB stock opened at $6.79 on Friday. The company has a market capitalization of $560.98 million, a price-to-earnings ratio of -48.50 and a beta of 1.12. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64. The stock’s fifty day simple moving average is $8.89 and its 200-day simple moving average is $11.29.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. On average, sell-side analysts predict that Similarweb Ltd. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SMWB shares. Citigroup boosted their target price on shares of Similarweb from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their price target on Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on Similarweb from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Northland Securities lifted their target price on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price 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 given a strong buy rating to the company. According to data from MarketBeat.com, Similarweb currently has a consensus rating of “Buy” and an average target price of $15.75.

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.