Similarweb Ltd. $SMWB Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Similarweb Ltd. (NYSE:SMWB) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,106,157 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 3.66% of Similarweb worth $28,887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Herald Investment Management Ltd raised its stake in shares of Similarweb by 100.0% in the 2nd quarter. Herald Investment Management Ltd now owns 600,000 shares of the company’s stock valued at $4,710,000 after acquiring an additional 300,000 shares during the period. Blair William & Co. IL lifted its stake in shares of Similarweb by 23.7% during the second quarter. Blair William & Co. IL now owns 108,083 shares of the company’s stock worth $847,000 after purchasing an additional 20,688 shares in the last quarter. ARK Investment Management LLC lifted its stake in shares of Similarweb by 100.7% during the second quarter. ARK Investment Management LLC now owns 242,370 shares of the company’s stock worth $1,900,000 after purchasing an additional 121,619 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Similarweb in the second quarter worth about $125,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Similarweb by 277.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 117,831 shares of the company’s stock valued at $924,000 after buying an additional 86,612 shares in the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Stock Performance

NYSE:SMWB opened at $5.87 on Wednesday. The company has a market capitalization of $498.36 million, a price-to-earnings ratio of -15.87 and a beta of 1.10. Similarweb Ltd. has a one year low of $5.79 and a one year high of $17.64. The stock has a 50-day simple moving average of $7.26 and a 200 day simple moving average of $8.33.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, November 11th. The company reported $0.05 EPS for the quarter, topping 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 company had revenue of $71.79 million for the quarter, compared to the consensus estimate of $71.95 million. On average, equities research analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SMWB shares. The Goldman Sachs Group downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 target price for the company. in a research note on Tuesday, January 13th. Barclays decreased their price objective on shares of Similarweb from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of Similarweb in a research report on Monday, November 17th. Jefferies Financial Group reissued a “buy” rating and issued a $11.00 price target on shares of Similarweb in a report on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.56.

Similarweb 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.