SG Americas Securities LLC Takes Position in Similarweb Ltd. $SMWB

SG Americas Securities LLC acquired a new position in shares of Similarweb Ltd. (NYSE:SMWB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,580 shares of the company’s stock, valued at approximately $255,000.

A number of other institutional investors also recently bought and sold shares of SMWB. Cetera Investment Advisers purchased a new stake in shares of Similarweb in the 1st quarter valued at approximately $332,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Similarweb by 15.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company’s stock worth $174,000 after acquiring an additional 2,825 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Similarweb in the 1st quarter valued at $261,000. Herald Investment Management Ltd purchased a new position in shares of Similarweb during the 1st quarter worth $2,478,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Similarweb by 19.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 806,174 shares of the company’s stock worth $6,667,000 after purchasing an additional 128,709 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on SMWB. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of Similarweb in a research note on Monday, November 17th. Barclays reiterated an “overweight” rating on shares of Similarweb in a report on Wednesday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a research note on Monday, November 24th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a research note on Tuesday, October 28th. 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Similarweb has a consensus rating of “Moderate Buy” and an average target price of $13.38.

Similarweb Stock Up 0.7%

NYSE:SMWB opened at $7.84 on Monday. Similarweb Ltd. has a 52 week low of $6.36 and a 52 week high of $17.64. The company has a fifty day simple moving average of $8.56 and a two-hundred day simple moving average of $8.48. The company has a market cap of $664.93 million, a price-to-earnings ratio of -21.18 and a beta of 1.09.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%.The firm had revenue of $71.79 million during the quarter, compared to analyst estimates of $71.95 million. Similarweb has set its FY 2025 guidance at EPS. On average, analysts expect that Similarweb Ltd. will post -0.24 EPS for the current year.

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.