Portolan Capital Management LLC Grows Stock Holdings in Similarweb Ltd. $SMWB

Portolan Capital Management LLC lifted its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 62.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,179,000 shares of the company’s stock after purchasing an additional 451,408 shares during the period. Portolan Capital Management LLC’s holdings in Similarweb were worth $10,965,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SMWB. PDT Partners LLC increased its holdings in shares of Similarweb by 3.9% during the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after buying an additional 3,717 shares during the last quarter. Legal & General Group Plc raised its position in shares of Similarweb by 13.7% during the 3rd quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after buying an additional 5,235 shares during the period. Swiss National Bank lifted its holdings in Similarweb by 9.8% in the second quarter. Swiss National Bank now owns 87,474 shares of the company’s stock valued at $686,000 after acquiring an additional 7,800 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Similarweb by 29.7% in the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after acquiring an additional 11,356 shares during the last quarter. Finally, Hood River Capital Management LLC grew its position in Similarweb by 20.7% in the second quarter. Hood River Capital Management LLC now owns 78,446 shares of the company’s stock worth $615,000 after acquiring an additional 13,446 shares during the period. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SMWB shares. Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price for the company. in a research note on Wednesday, February 18th. Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Barclays set a $7.00 price objective on Similarweb in a research report on Thursday, February 19th. Citizens Jmp lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Oppenheimer decreased their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Similarweb presently has a consensus rating of “Hold” and an average target price of $8.14.

Similarweb Stock Up 2.1%

Shares of NYSE SMWB opened at $2.67 on Friday. The business’s 50 day moving average is $4.51 and its two-hundred day moving average is $7.13. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.75. The firm has a market cap of $231.75 million, a price-to-earnings ratio of -6.83 and a beta of 1.17.

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

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.