ANTIPODES PARTNERS Ltd Purchases 5,542 Shares of Similarweb Ltd. (NYSE:SMWB)

ANTIPODES PARTNERS Ltd boosted its stake in Similarweb Ltd. (NYSE:SMWB) by 52.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,166 shares of the company’s stock after purchasing an additional 5,542 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Similarweb were worth $229,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Swiss National Bank grew its position in Similarweb by 28.4% in the 4th quarter. Swiss National Bank now owns 80,974 shares of the company’s stock worth $1,147,000 after purchasing an additional 17,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Similarweb by 50.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,465 shares of the company’s stock valued at $9,600,000 after acquiring an additional 227,569 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Similarweb during the 4th quarter valued at $6,090,000. Keybank National Association OH bought a new stake in shares of Similarweb during the 4th quarter valued at $161,000. Finally, Bailard Inc. bought a new stake in shares of Similarweb during the 4th quarter valued at $644,000. Institutional investors own 57.59% of the company’s stock.

Similarweb Trading Up 0.5 %

Shares of NYSE SMWB opened at $8.86 on Thursday. The firm’s 50-day moving average price is $13.30 and its 200-day moving average price is $11.51. The stock has a market capitalization of $732.25 million, a price-to-earnings ratio of -63.30 and a beta of 1.08. Similarweb Ltd. has a 12-month low of $5.71 and a 12-month high of $17.64.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) earnings per share 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, equities analysts predict that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Citigroup boosted their price objective on shares of Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Northland Securities boosted their price objective on shares of Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 target price on the stock. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $16.50.

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.