Los Angeles Capital Management LLC Buys 29,534 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Los Angeles Capital Management LLC raised its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 153.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,769 shares of the company’s stock after acquiring an additional 29,534 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Semrush were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in Semrush in the second quarter valued at approximately $123,000. Olympiad Research LP purchased a new position in shares of Semrush during the 3rd quarter valued at $159,000. Summit Global Investments bought a new position in shares of Semrush during the 2nd quarter worth $156,000. Versor Investments LP purchased a new stake in Semrush in the 2nd quarter worth about $174,000. Finally, The Manufacturers Life Insurance Company raised its stake in Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after acquiring an additional 3,706 shares during the period. 32.86% of the stock is owned by institutional investors.

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $13.37 on Friday. The firm has a fifty day moving average price of $13.82 and a two-hundred day moving average price of $14.02. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 167.15 and a beta of 1.62. Semrush Holdings, Inc. has a one year low of $9.12 and a one year high of $16.42.

Analyst Ratings Changes

A number of brokerages have weighed in on SEMR. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Insider Buying and Selling

In other news, COO Vitalii Obishchenko sold 55,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total transaction of $738,650.00. Following the completion of the transaction, the chief operating officer now owns 848,923 shares of the company’s stock, valued at approximately $11,401,035.89. The trade was a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Eugenie Levin sold 3,788 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the sale, the president now directly owns 601,892 shares in the company, valued at $8,498,715.04. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,123 shares of company stock worth $2,320,088. Corporate insiders own 57.83% of the company’s stock.

About Semrush

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.