Calamos Advisors LLC Raises Stake in Similarweb Ltd. (NYSE:SMWB)

Calamos Advisors LLC boosted its holdings in Similarweb Ltd. (NYSE:SMWB) by 147.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 171,167 shares of the company’s stock after acquiring an additional 101,975 shares during the quarter. Calamos Advisors LLC’s holdings in Similarweb were worth $2,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SMWB. Public Employees Retirement System of Ohio bought a new stake in shares of Similarweb in the 3rd quarter worth approximately $70,000. Quantbot Technologies LP bought a new stake in Similarweb in the third quarter worth $75,000. Heck Capital Advisors LLC bought a new stake in Similarweb in the fourth quarter worth $115,000. State of New Jersey Common Pension Fund D bought a new position in shares of Similarweb during the third quarter valued at $122,000. Finally, Barclays PLC raised its position in shares of Similarweb by 201.0% in the 3rd quarter. Barclays PLC now owns 15,414 shares of the company’s stock worth $136,000 after purchasing an additional 10,293 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Wall Street Analyst Weigh In

SMWB has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of Similarweb in a research report on Thursday, January 16th. Citigroup upped their target price on shares of Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Wednesday, December 11th. Jefferies Financial Group upped their price objective on Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group assumed coverage on Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $15.50.

Similarweb Trading Up 3.8 %

NYSE:SMWB opened at $17.32 on Wednesday. The company has a market cap of $1.40 billion, a PE ratio of -157.47 and a beta of 0.97. The company has a 50 day simple moving average of $14.48 and a two-hundred day simple moving average of $10.84. Similarweb Ltd. has a 12 month low of $5.71 and a 12 month high of $17.50.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. The firm had revenue of $64.71 million during the quarter, compared to the consensus estimate of $62.90 million. During the same period in the previous year, the firm earned ($0.05) EPS. Research analysts forecast that Similarweb Ltd. will post -0.05 earnings per share for the current year.

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.