New York State Common Retirement Fund Buys New Shares in Similarweb Ltd. $SMWB

New York State Common Retirement Fund purchased a new position in shares of Similarweb Ltd. (NYSE:SMWB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 849,745 shares of the company’s stock, valued at approximately $7,903,000.

Other institutional investors have also recently modified their holdings of the company. CenterBook Partners LP boosted its stake in Similarweb by 78.5% in the second quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock worth $11,304,000 after buying an additional 634,114 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Similarweb by 8.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,006,157 shares of the company’s stock worth $23,568,000 after acquiring an additional 243,600 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Similarweb in the 2nd quarter valued at $1,457,000. First Eagle Investment Management LLC bought a new position in shares of Similarweb during the 2nd quarter valued at $1,329,000. Finally, ARK Investment Management LLC raised its position in Similarweb by 100.7% in the 2nd quarter. ARK Investment Management LLC now owns 242,370 shares of the company’s stock worth $1,900,000 after purchasing an additional 121,619 shares during the period. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Performance

SMWB opened at $4.40 on Thursday. The stock has a market capitalization of $373.43 million, a PE ratio of -11.89 and a beta of 1.09. The stock’s 50 day moving average price is $6.78 and its 200-day moving average price is $8.09. Similarweb Ltd. has a 52-week low of $4.20 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $71.79 million for the quarter, compared to analysts’ expectations of $71.95 million. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. Research analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays cut their price target on shares of Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Oppenheimer dropped their target price on Similarweb from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a research report on Friday, November 14th. Finally, Wall Street Zen upgraded Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.07.

Similarweb Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.