Blair William & Co. IL Raises Stake in Similarweb Ltd. $SMWB

Blair William & Co. IL lifted its position in shares of Similarweb Ltd. (NYSE:SMWB) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,083 shares of the company’s stock after buying an additional 20,688 shares during the quarter. Blair William & Co. IL owned approximately 0.13% of Similarweb worth $847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in Similarweb by 70.1% in the first quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company’s stock valued at $152,000 after purchasing an additional 7,566 shares during the period. Ceera Investments LLC grew its holdings in Similarweb by 22.8% in the first quarter. Ceera Investments LLC now owns 319,027 shares of the company’s stock valued at $2,638,000 after purchasing an additional 59,200 shares during the period. Fullcircle Wealth LLC purchased a new stake in Similarweb in the first quarter valued at approximately $117,000. Victory Capital Management Inc. grew its holdings in Similarweb by 14.8% in the first quarter. Victory Capital Management Inc. now owns 493,370 shares of the company’s stock valued at $4,080,000 after purchasing an additional 63,588 shares during the period. Finally, Bailard Inc. grew its holdings in Similarweb by 34.8% in the first quarter. Bailard Inc. now owns 61,256 shares of the company’s stock valued at $507,000 after purchasing an additional 15,799 shares during the period. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Trading Down 1.4%

NYSE SMWB opened at $8.75 on Friday. The company’s fifty day simple moving average is $9.25 and its 200-day simple moving average is $8.27. Similarweb Ltd. has a 52 week low of $6.36 and a 52 week high of $17.64. The stock has a market cap of $742.61 million, a P/E ratio of -25.00 and a beta of 1.10.

Analyst Upgrades and Downgrades

SMWB has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, October 8th. Citigroup lowered their target price on shares of Similarweb from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 1st. Zacks Research upgraded shares of Similarweb from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Barclays restated an “overweight” rating on shares of Similarweb in a report on Wednesday, August 13th. Finally, Oppenheimer boosted their price objective on shares of Similarweb from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.88.

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.