P.A.W. Capital Corp Decreases Stock Position in Similarweb Ltd. $SMWB

P.A.W. Capital Corp cut its holdings in Similarweb Ltd. (NYSE:SMWB) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,000 shares of the company’s stock after selling 60,000 shares during the quarter. Similarweb accounts for approximately 3.6% of P.A.W. Capital Corp’s holdings, making the stock its 12th largest position. P.A.W. Capital Corp owned approximately 0.28% of Similarweb worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SMWB. MQS Management LLC bought a new stake in shares of Similarweb in the 2nd quarter worth $125,000. Fox Run Management L.L.C. purchased a new stake in shares of Similarweb during the second quarter valued at $129,000. ANTIPODES PARTNERS Ltd boosted its position in shares of Similarweb by 8.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock valued at $137,000 after buying an additional 1,344 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Similarweb by 15.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company’s stock worth $174,000 after buying an additional 2,825 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Similarweb in the 2nd quarter worth about $255,000. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Price Performance

Shares of Similarweb stock opened at $7.13 on Wednesday. Similarweb Ltd. has a 1-year low of $6.36 and a 1-year high of $17.64. The company’s fifty day simple moving average is $8.92 and its 200-day simple moving average is $8.48. The stock has a market capitalization of $604.93 million, a PE ratio of -19.26 and a beta of 1.09.

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

Analysts Set New Price Targets

SMWB has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a report on Tuesday, October 28th. Oppenheimer increased their price objective on shares of Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Barclays reaffirmed an “overweight” rating on shares of Similarweb in a research report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.38.

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.