Fox Run Management L.L.C. Buys Shares of 16,497 Similarweb Ltd. $SMWB

Fox Run Management L.L.C. purchased a new stake in shares of Similarweb Ltd. (NYSE:SMWB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,497 shares of the company’s stock, valued at approximately $129,000.

Other institutional investors have also modified their holdings of the company. MQS Management LLC bought a new position in shares of Similarweb during the 2nd quarter worth approximately $125,000. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Similarweb by 8.3% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock valued at $137,000 after purchasing an additional 1,344 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Similarweb by 70.1% in the 1st quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company’s stock worth $152,000 after purchasing an additional 7,566 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 purchasing an additional 2,825 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Similarweb during the 1st quarter worth $258,000. 57.59% of the stock is currently owned by institutional investors.

Similarweb Stock Performance

Shares of SMWB opened at $7.36 on Friday. The business’s 50-day moving average is $9.03 and its two-hundred day moving average is $8.47. The company has a market capitalization of $624.22 million, a P/E ratio of -19.88 and a beta of 1.09. Similarweb Ltd. has a fifty-two week low of $6.36 and a fifty-two week high of $17.64.

Similarweb (NYSE:SMWB) last issued 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. The firm had revenue of $71.79 million for the quarter, compared to the consensus estimate 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. Analysts forecast that Similarweb Ltd. will post -0.24 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Similarweb in a research note on Tuesday, October 28th. Oppenheimer lifted their price objective on shares of Similarweb from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Jefferies Financial Group reissued a “buy” rating and issued a $11.00 target price on shares of Similarweb in a research report on Friday. Finally, Zacks Research upgraded Similarweb from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.38.

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.