Similarweb Ltd. $SMWB Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its position in Similarweb Ltd. (NYSE:SMWB) by 221.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 545,001 shares of the company’s stock after buying an additional 375,496 shares during the period. First Eagle Investment Management LLC’s holdings in Similarweb were worth $5,069,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in Similarweb in the third quarter valued at $7,903,000. CenterBook Partners LP boosted its position in shares of Similarweb by 78.5% in the 2nd quarter. CenterBook Partners LP now owns 1,441,810 shares of the company’s stock worth $11,304,000 after buying an additional 634,114 shares in the last quarter. Royce & Associates LP acquired a new stake in Similarweb in the 3rd quarter valued at about $4,597,000. Jump Financial LLC purchased a new position in Similarweb during the 2nd quarter valued at about $1,457,000. Finally, Essex Investment Management Co. LLC raised its position in Similarweb by 45.9% during the third quarter. Essex Investment Management Co. LLC now owns 380,793 shares of the company’s stock worth $3,541,000 after acquiring an additional 119,866 shares during the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Stock Performance

Similarweb stock opened at $2.71 on Thursday. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75. The firm has a 50 day moving average price of $5.15 and a 200 day moving average price of $7.42. The company has a market cap of $235.23 million, a price-to-earnings ratio of -6.94 and a beta of 1.17.

Similarweb (NYSE:SMWB) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. The company had revenue of $72.76 million for the quarter, compared to analyst estimates of $76.45 million. Sell-side analysts predict that Similarweb Ltd. will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SMWB shares. William Blair lowered shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Needham & Company LLC cut Similarweb from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 29th. Finally, Barclays set a $7.00 price target on shares of Similarweb in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Similarweb currently has a consensus rating of “Hold” and an average price target of $8.14.

Similarweb Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.