Corton Capital Inc. Lowers Stock Holdings in Similarweb Ltd. (NYSE:SMWB)

Corton Capital Inc. cut its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 59.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,097 shares of the company’s stock after selling 17,526 shares during the quarter. Corton Capital Inc.’s holdings in Similarweb were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its holdings in shares of Similarweb by 6.3% during the 4th quarter. Y.D. More Investments Ltd now owns 1,449,634 shares of the company’s stock worth $20,541,000 after buying an additional 86,500 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Similarweb by 147.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,539 shares of the company’s stock worth $1,516,000 after purchasing an additional 102,192 shares during the period. Jennison Associates LLC acquired a new position in shares of Similarweb in the 4th quarter valued at about $26,059,000. Sei Investments Co. purchased a new stake in shares of Similarweb during the 4th quarter worth about $966,000. Finally, Telemark Asset Management LLC acquired a new stake in Similarweb during the 4th quarter worth approximately $4,251,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Price Performance

Shares of SMWB opened at $7.45 on Friday. The firm has a market cap of $615.51 million, a price-to-earnings ratio of -53.21 and a beta of 1.13. The business’s 50 day moving average is $7.94 and its two-hundred day moving average is $11.14. Similarweb Ltd. has a 52-week low of $5.71 and a 52-week high of $17.64.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Similarweb had a negative net margin of 4.58% and a negative return on equity of 47.62%. On average, equities analysts expect that Similarweb Ltd. will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SMWB shares. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of Similarweb in a research note on Thursday, February 13th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a research report on Thursday, February 13th. Citigroup raised their price objective on Similarweb from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Northland Securities upped their target price on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group reduced their price target on Similarweb from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $15.75.

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.