Calamos Advisors LLC Raises Stake in Similarweb Ltd. (NYSE:SMWB)

Calamos Advisors LLC raised its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 147.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,167 shares of the company’s stock after acquiring an additional 101,975 shares during the period. Calamos Advisors LLC owned about 0.21% of Similarweb worth $2,425,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC bought a new position in shares of Similarweb during the 4th quarter valued at $26,059,000. P.A.W. Capital Corp bought a new position in shares of Similarweb during the third quarter valued at about $3,536,000. Scalar Gauge Management LLC increased its holdings in shares of Similarweb by 45.5% in the third quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock worth $7,637,000 after buying an additional 270,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Similarweb by 112.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock valued at $3,977,000 after acquiring an additional 238,428 shares during the last quarter. Finally, Walleye Capital LLC boosted its holdings in Similarweb by 115.9% during the 3rd quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock valued at $3,135,000 after acquiring an additional 190,380 shares during the period. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Trading Up 3.8 %

Shares of SMWB opened at $17.32 on Wednesday. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.50. The firm’s 50-day moving average price is $14.48 and its 200-day moving average price is $10.84. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -157.47 and a beta of 0.97.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. The firm had revenue of $64.71 million for the quarter, compared to the consensus estimate of $62.90 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. On average, research analysts forecast that Similarweb Ltd. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMWB. Northland Securities boosted their price objective on Similarweb from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price target on shares of Similarweb in a report on Wednesday, December 11th. William Blair reissued an “outperform” rating on shares of Similarweb in a report on Thursday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of Similarweb in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Similarweb in a report on Wednesday, December 11th. They set a “buy” rating and a $16.00 target price for the company. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $15.50.

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.