Cubist Systematic Strategies LLC Has $398,000 Holdings in Similarweb Ltd. (NYSE:SMWB)

Cubist Systematic Strategies LLC lifted its position in shares of Similarweb Ltd. (NYSE:SMWB) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,272 shares of the company’s stock after purchasing an additional 2,138 shares during the quarter. Cubist Systematic Strategies LLC owned 0.07% of Similarweb worth $398,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SMWB. Scalar Gauge Management LLC lifted its stake in 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 acquiring an additional 215,221 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Similarweb by 60.8% during the second quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after purchasing an additional 167,500 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Similarweb during the first quarter worth about $2,820,000. Roubaix Capital LLC bought a new stake in Similarweb in the 1st quarter worth about $2,449,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Similarweb in the 1st quarter valued at about $2,344,000. 57.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SMWB shares. JMP Securities upped their target price on Similarweb from $14.00 to $16.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. Northland Securities started coverage on Similarweb in a research note on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Similarweb in a research note on Wednesday, August 7th. Barclays increased their price target on shares of Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $11.83.

Similarweb Stock Down 0.1 %

SMWB opened at $8.51 on Friday. The firm has a 50-day moving average price of $8.30 and a 200-day moving average price of $7.95. Similarweb Ltd. has a twelve month low of $4.58 and a twelve month high of $9.76. The company has a market capitalization of $669.32 million, a price-to-earnings ratio of -34.00 and a beta of 0.84.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $60.64 million during the quarter, compared to analyst estimates of $60.23 million. Similarweb had a negative net margin of 5.07% and a negative return on equity of 60.53%. On average, sell-side analysts expect that Similarweb Ltd. will post -0.04 earnings per share for the current fiscal year.

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.