24,024 Shares in Similarweb Ltd. (NYSE:SMWB) Acquired by Centiva Capital LP

Centiva Capital LP purchased a new stake in shares of Similarweb Ltd. (NYSE:SMWB) during the third quarter, HoldingsChannel.com reports. The firm purchased 24,024 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Similarweb by 112.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock valued at $3,977,000 after buying an additional 238,428 shares during the period. Inspire Investing LLC bought a new position in shares of Similarweb during the 3rd quarter valued at $886,000. Scalar Gauge Management LLC increased its position 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 purchasing an additional 215,221 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Similarweb by 4.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company’s stock worth $398,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Atom Investors LP grew its stake in shares of Similarweb by 41.1% during the 3rd quarter. Atom Investors LP now owns 143,942 shares of the company’s stock valued at $1,272,000 after acquiring an additional 41,935 shares during the period. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Stock Performance

Similarweb stock opened at $12.99 on Friday. The company’s fifty day moving average price is $10.52 and its 200 day moving average price is $8.80. The stock has a market capitalization of $1.05 billion, a P/E ratio of -118.09 and a beta of 1.03. Similarweb Ltd. has a 1 year low of $4.91 and a 1 year high of $13.52.

Analyst Upgrades and Downgrades

Several research analysts have commented on SMWB shares. Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of Similarweb in a report on Wednesday. Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research note on Tuesday, September 10th. William Blair restated an “outperform” rating on shares of Similarweb in a research note on Monday, September 9th. Northland Securities boosted their price target on Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, Citigroup upped their price target on Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $13.50.

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.