Similarweb Ltd. $SMWB Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in Similarweb Ltd. (NYSE:SMWB) by 277.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,831 shares of the company’s stock after acquiring an additional 86,612 shares during the period. Y Intercept Hong Kong Ltd owned about 0.14% of Similarweb worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. MQS Management LLC acquired a new position in shares of Similarweb during the second quarter worth $125,000. ARK Investment Management LLC boosted its position in shares of Similarweb by 100.7% during the 2nd quarter. ARK Investment Management LLC now owns 242,370 shares of the company’s stock worth $1,900,000 after acquiring an additional 121,619 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Similarweb by 23.7% during the 2nd quarter. Blair William & Co. IL now owns 108,083 shares of the company’s stock worth $847,000 after acquiring an additional 20,688 shares in the last quarter. Herald Investment Management Ltd boosted its position in shares of Similarweb by 100.0% during the 2nd quarter. Herald Investment Management Ltd now owns 600,000 shares of the company’s stock worth $4,710,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Palogic Value Management L.P. acquired a new position in shares of Similarweb during the 1st quarter worth about $864,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Down 5.3%

SMWB stock opened at $8.30 on Wednesday. Similarweb Ltd. has a 52-week low of $6.36 and a 52-week high of $17.64. The stock’s fifty day simple moving average is $9.32 and its 200-day simple moving average is $8.44. The stock has a market capitalization of $704.42 million, a price-to-earnings ratio of -23.71 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SMWB shares. Barclays restated an “overweight” rating on shares of Similarweb in a research note on Wednesday, August 13th. Oppenheimer raised their price objective on shares of Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Citigroup restated a “market outperform” rating on shares of Similarweb in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Similarweb from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.