Oppenheimer & Co. Inc. Grows Position in Similarweb Ltd. (NYSE:SMWB)

Oppenheimer & Co. Inc. grew its stake in Similarweb Ltd. (NYSE:SMWB) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,607 shares of the company’s stock after buying an additional 9,555 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Similarweb were worth $942,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. P.A.W. Capital Corp purchased a new stake in Similarweb in the 3rd quarter worth approximately $3,536,000. Russell Investments Group Ltd. purchased a new stake in shares of Similarweb in the first quarter worth $2,820,000. Acadian Asset Management LLC raised its position in shares of Similarweb by 3,663.6% during the 1st quarter. Acadian Asset Management LLC now owns 275,417 shares of the company’s stock valued at $2,468,000 after purchasing an additional 268,099 shares during the period. Scalar Gauge Management LLC lifted its stake in shares of Similarweb by 56.8% during the 2nd quarter. Scalar Gauge Management LLC now owns 593,923 shares of the company’s stock valued at $4,615,000 after buying an additional 215,221 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in Similarweb in the 3rd quarter worth $886,000. Institutional investors own 57.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup raised their price target on Similarweb from $10.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC boosted their price target on Similarweb from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays increased their price objective on shares of Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Northland Securities started coverage on Similarweb in a report on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, JMP Securities increased their price target on Similarweb from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Similarweb presently has an average rating of “Buy” and a consensus price target of $12.86.

Similarweb Price Performance

SMWB stock opened at $11.90 on Wednesday. Similarweb Ltd. has a twelve month low of $4.58 and a twelve month high of $12.09. The stock has a market capitalization of $962.94 million, a price-to-earnings ratio of -108.18 and a beta of 0.84. The firm’s fifty day simple moving average is $9.18 and its two-hundred day simple moving average is $8.22.

Similarweb Profile

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.