Similarweb Ltd. $SMWB Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 299.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,646,094 shares of the company’s stock after purchasing an additional 1,233,928 shares during the quarter. Penn Capital Management Company LLC’s holdings in Similarweb were worth $15,321,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wexford Capital LP acquired a new stake in Similarweb in the third quarter worth $64,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Similarweb by 302.4% during the third quarter. Public Employees Retirement System of Ohio now owns 46,673 shares of the company’s stock valued at $434,000 after acquiring an additional 35,073 shares during the period. Millennium Management LLC grew its position in shares of Similarweb by 65.7% during the third quarter. Millennium Management LLC now owns 510,921 shares of the company’s stock worth $4,752,000 after acquiring an additional 202,537 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Similarweb in the 3rd quarter worth about $25,000. Finally, Bank of America Corp DE increased its holdings in shares of Similarweb by 390.5% in the 3rd quarter. Bank of America Corp DE now owns 56,213 shares of the company’s stock worth $523,000 after acquiring an additional 44,752 shares during the period. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Up 3.1%

SMWB opened at $2.81 on Wednesday. The stock’s 50 day moving average price is $4.33 and its two-hundred day moving average price is $6.99. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75. The firm has a market capitalization of $243.93 million, a P/E ratio of -7.19 and a beta of 1.17.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.03 earnings per share 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 company had revenue of $72.76 million for the quarter, compared to analyst estimates of $76.45 million. As a group, analysts anticipate that Similarweb Ltd. will post -0.24 earnings per share for the current year.

Analysts Set New Price Targets

SMWB has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Needham & Company LLC cut Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. William Blair downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group cut Similarweb from a “buy” rating to a “neutral” rating and set a $7.50 target price on the stock. in a research report on Tuesday, January 13th. Finally, Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Similarweb currently has an average rating of “Hold” and an average price target of $8.14.

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.