P.A.W. Capital Corp Takes $3.54 Million Position in Similarweb Ltd. (NYSE:SMWB)

P.A.W. Capital Corp acquired a new stake in Similarweb Ltd. (NYSE:SMWB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $3,536,000. Similarweb accounts for approximately 8.0% of P.A.W. Capital Corp’s portfolio, making the stock its 7th biggest holding. P.A.W. Capital Corp owned about 0.49% of Similarweb at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Similarweb by 122.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after purchasing an additional 6,376 shares during the period. Blair William & Co. IL lifted its holdings in shares of Similarweb by 20.1% during the first quarter. Blair William & Co. IL now owns 21,662 shares of the company’s stock worth $195,000 after purchasing an additional 3,621 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Similarweb by 10.1% during the first quarter. California State Teachers Retirement System now owns 26,892 shares of the company’s stock worth $242,000 after purchasing an additional 2,475 shares during the period. Quadrature Capital Ltd purchased a new position in Similarweb in the first quarter worth $311,000. Finally, XTX Topco Ltd raised its position in Similarweb by 63.9% in the second quarter. XTX Topco Ltd now owns 49,527 shares of the company’s stock worth $385,000 after acquiring an additional 19,313 shares in the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Stock Performance

Shares of SMWB stock opened at $8.71 on Friday. Similarweb Ltd. has a fifty-two week low of $4.58 and a fifty-two week high of $9.76. The business has a fifty day simple moving average of $8.88 and a 200-day simple moving average of $7.97.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $60.64 million during the quarter, compared to analysts’ expectations of $60.23 million. Similarweb had a negative return on equity of 60.53% and a negative net margin of 5.07%. On average, sell-side analysts expect that Similarweb Ltd. will post -0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SMWB. Northland Capmk upgraded Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Northland Securities began coverage on Similarweb in a research report on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Similarweb in a research report on Wednesday, August 7th. JMP Securities increased their price objective on Similarweb from $14.00 to $16.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st. Finally, Barclays increased their price objective on Similarweb from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $11.71.

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.