P.A.W. Capital Corp Lowers Stock Holdings in Similarweb Ltd. $SMWB

P.A.W. Capital Corp lowered its position in Similarweb Ltd. (NYSE:SMWB) by 20.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 240,000 shares of the company’s stock after selling 60,000 shares during the quarter. Similarweb makes up about 3.6% of P.A.W. Capital Corp’s investment portfolio, making the stock its 12th largest position. P.A.W. Capital Corp’s holdings in Similarweb were worth $1,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ANTIPODES PARTNERS Ltd lifted its position in shares of Similarweb by 8.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock valued at $137,000 after acquiring an additional 1,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Similarweb by 15.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company’s stock worth $174,000 after purchasing an additional 2,825 shares in the last quarter. Palogic Value Management L.P. raised its stake in Similarweb by 12.4% during the 2nd quarter. Palogic Value Management L.P. now owns 117,423 shares of the company’s stock valued at $921,000 after purchasing an additional 13,000 shares during the period. MQS Management LLC purchased a new position in Similarweb in the 2nd quarter worth approximately $125,000. Finally, Fox Run Management L.L.C. purchased a new position in Similarweb in the 2nd quarter worth approximately $129,000. 57.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SMWB. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of Similarweb in a research note on Monday. Oppenheimer raised their price objective on Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $11.00 target price on shares of Similarweb in a research report on Friday. Zacks Research upgraded Similarweb from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Similarweb in a report on Monday. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.38.

Similarweb Price Performance

Shares of SMWB stock opened at $7.13 on Wednesday. The company has a market cap of $604.93 million, a PE ratio of -19.26 and a beta of 1.09. Similarweb Ltd. has a 1 year low of $6.36 and a 1 year high of $17.64. The stock’s 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $8.48.

Similarweb (NYSE:SMWB) last announced its earnings results on Tuesday, November 11th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Similarweb had a negative return on equity of 78.25% and a negative net margin of 11.20%.The firm had revenue of $71.79 million during the quarter, compared to analysts’ expectations of $71.95 million. Similarweb has set its FY 2025 guidance at EPS. Equities research analysts expect that Similarweb Ltd. will post -0.24 EPS 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.