Alpha Family Trust Decreases Position in Similarweb Ltd. $SMWB

Alpha Family Trust reduced its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 658,935 shares of the company’s stock after selling 192,734 shares during the period. Similarweb accounts for 2.9% of Alpha Family Trust’s portfolio, making the stock its 9th biggest holding. Alpha Family Trust owned 0.78% of Similarweb worth $6,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMWB. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Similarweb by 3.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock valued at $28,887,000 after purchasing an additional 100,000 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Similarweb by 3.6% in the second quarter. Menora Mivtachim Holdings LTD. now owns 2,326,742 shares of the company’s stock worth $18,242,000 after purchasing an additional 80,272 shares in the last quarter. CenterBook Partners LP raised its position in shares of Similarweb by 78.5% during the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock valued at $11,304,000 after purchasing an additional 634,114 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Similarweb by 14.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 920,671 shares of the company’s stock valued at $7,218,000 after buying an additional 114,497 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Similarweb in the 3rd quarter worth $7,903,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SMWB. Barclays set a $7.00 price target on Similarweb in a report on Thursday, February 19th. William Blair downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Citigroup lowered their price target on Similarweb from $11.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, February 20th. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $11.00 price objective on shares of Similarweb in a research report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Similarweb presently has an average rating of “Hold” and an average target price of $8.14.

Similarweb Price Performance

NYSE:SMWB opened at $2.71 on Thursday. The firm has a market cap of $235.23 million, a price-to-earnings ratio of -6.94 and a beta of 1.17. The company has a 50 day moving average price of $5.15 and a 200-day moving average price of $7.42. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $72.76 million for the quarter, compared to analyst estimates of $76.45 million. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. On average, sell-side analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Similarweb Company 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.