169,505 Shares in Similarweb Ltd. $SMWB Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC purchased a new stake in Similarweb Ltd. (NYSE:SMWB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 169,505 shares of the company’s stock, valued at approximately $1,329,000. First Eagle Investment Management LLC owned approximately 0.20% of Similarweb as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd raised its stake 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Similarweb by 15.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company’s stock valued at $174,000 after purchasing an additional 2,825 shares in the last quarter. Teacher Retirement System of Texas raised its position in Similarweb by 70.1% in the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company’s stock valued at $152,000 after purchasing an additional 7,566 shares during the last quarter. Palogic Value Management L.P. boosted its stake in Similarweb by 12.4% in the second quarter. Palogic Value Management L.P. now owns 117,423 shares of the company’s stock worth $921,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of Similarweb by 34.8% during the first quarter. Bailard Inc. now owns 61,256 shares of the company’s stock worth $507,000 after purchasing an additional 15,799 shares during the last quarter. 57.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on SMWB. Oppenheimer lifted their price target on Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Barclays reiterated an “overweight” rating on shares of Similarweb in a research report on Wednesday, August 13th. Citigroup restated a “market outperform” rating on shares of Similarweb in a research report on Tuesday, October 28th. Zacks Research raised Similarweb from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.88.

Similarweb Stock Performance

NYSE SMWB opened at $8.41 on Monday. Similarweb Ltd. has a 12 month low of $6.36 and a 12 month high of $17.64. The stock has a 50-day simple moving average of $9.22 and a 200 day simple moving average of $8.47. The company has a market capitalization of $713.73 million, a PE ratio of -24.03 and a beta of 1.09.

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.