Barclays PLC Increases Position in Similarweb Ltd. (NYSE:SMWB)

Barclays PLC increased its stake in Similarweb Ltd. (NYSE:SMWB) by 201.0% in the 3rd quarter, Holdings Channel reports. The fund owned 15,414 shares of the company’s stock after buying an additional 10,293 shares during the quarter. Barclays PLC’s holdings in Similarweb were worth $136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMWB. P.A.W. Capital Corp purchased a new position in Similarweb in the third quarter worth $3,536,000. Scalar Gauge Management LLC grew its position in Similarweb by 45.5% in the third quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock worth $7,637,000 after acquiring an additional 270,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Similarweb by 112.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after acquiring an additional 238,428 shares in the last quarter. Walleye Capital LLC grew its position in Similarweb by 115.9% in the third quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after acquiring an additional 190,380 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Similarweb by 60.8% in the second quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after acquiring an additional 167,500 shares in the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on SMWB shares. Northland Securities upped their target price on shares of Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. William Blair restated an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. Citigroup upped their price target on shares of Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on shares of Similarweb in a research report on Wednesday, December 11th. They set a “buy” rating and a $16.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $13.50.

Similarweb Stock Performance

Shares of NYSE:SMWB opened at $14.90 on Thursday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -135.45 and a beta of 0.97. The company has a 50-day moving average price of $12.55 and a 200-day moving average price of $9.67. Similarweb Ltd. has a 12 month low of $5.25 and a 12 month high of $15.10.

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.