UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Similarweb Ltd. (NYSE:SMWB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 16.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,912 shares of the company’s stock after selling 3,138 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Similarweb were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMWB. Quantbot Technologies LP purchased a new stake in shares of Similarweb in the 3rd quarter valued at approximately $75,000. ANTIPODES PARTNERS Ltd lifted its holdings in Similarweb by 122.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock valued at $90,000 after acquiring an additional 6,376 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Similarweb in the third quarter worth approximately $122,000. XTX Topco Ltd increased its stake in Similarweb by 63.9% during the second quarter. XTX Topco Ltd now owns 49,527 shares of the company’s stock worth $385,000 after acquiring an additional 19,313 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in Similarweb by 4.4% in the second quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company’s stock valued at $398,000 after purchasing an additional 2,138 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Up 3.5 %

Shares of SMWB stock opened at $14.56 on Friday. The firm has a 50 day moving average of $11.11 and a two-hundred day moving average of $9.04. The stock has a market capitalization of $1.18 billion, a PE ratio of -132.36 and a beta of 1.03. Similarweb Ltd. has a 52 week low of $4.96 and a 52 week high of $14.72.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup increased their price target on Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group started coverage on shares of Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 target price for the company. Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research note on Tuesday, September 10th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Thursday. Finally, JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Similarweb presently has an average rating of “Buy” and a consensus price target of $13.50.

Similarweb Company 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.