Los Angeles Capital Management LLC Increases Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Los Angeles Capital Management LLC increased its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 312.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,317 shares of the company’s stock after acquiring an additional 152,548 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Semrush were worth $2,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SEMR. Bank of New York Mellon Corp lifted its position in shares of Semrush by 26.1% in the 4th quarter. Bank of New York Mellon Corp now owns 114,211 shares of the company’s stock worth $1,357,000 after purchasing an additional 23,634 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Semrush by 166.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after buying an additional 64,514 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Semrush by 10.6% during the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after buying an additional 3,059 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Semrush during the fourth quarter worth $6,869,000. Finally, Stoneridge Investment Partners LLC bought a new stake in Semrush during the 4th quarter valued at $135,000. 32.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Jefferies Financial Group boosted their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $20.00 in a report on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Finally, Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and an average price target of $17.88.

Insider Buying and Selling at Semrush

In other news, Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $13.50, for a total transaction of $570,051.00. Following the sale, the director now directly owns 9,099,091 shares of the company’s stock, valued at $122,837,728.50. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Eugenie Levin sold 15,093 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.11, for a total value of $258,241.23. Following the completion of the transaction, the president now owns 493,456 shares of the company’s stock, valued at $8,443,032.16. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 351,090 shares of company stock worth $4,736,123. 57.83% of the stock is owned by corporate insiders.

Semrush Stock Down 21.0 %

Shares of Semrush stock opened at $11.92 on Friday. The company has a 50 day moving average price of $15.03 and a 200 day moving average price of $14.20. The firm has a market capitalization of $1.75 billion, a P/E ratio of 148.99 and a beta of 1.69. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $18.74.

Semrush Company Profile

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.