R Squared Ltd Takes Position in Semrush Holdings, Inc. $SEMR

R Squared Ltd purchased a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,257 shares of the company’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Semrush during the first quarter valued at $42,000. Amundi boosted its holdings in shares of Semrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after acquiring an additional 1,108 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Semrush during the first quarter valued at $110,000. Arizona State Retirement System boosted its holdings in shares of Semrush by 15.6% during the first quarter. Arizona State Retirement System now owns 12,411 shares of the company’s stock valued at $116,000 after acquiring an additional 1,671 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Semrush by 113.3% during the second quarter. KLP Kapitalforvaltning AS now owns 12,800 shares of the company’s stock valued at $116,000 after acquiring an additional 6,800 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SEMR shares. Morgan Stanley set a $9.00 price objective on shares of Semrush and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group cut their price objective on shares of Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Needham & Company LLC cut their price objective on shares of Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Finally, KeyCorp set a $12.00 price objective on shares of Semrush and gave the company an “overweight” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.50.

Insiders Place Their Bets

In related news, CMO Andrew Warden sold 7,000 shares of Semrush stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total value of $54,390.00. Following the transaction, the chief marketing officer owned 366,917 shares of the company’s stock, valued at approximately $2,850,945.09. This trade represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 55.61% of the company’s stock.

Semrush Trading Up 0.3%

Shares of SEMR opened at $7.68 on Monday. The business’s 50-day moving average price is $7.51 and its 200 day moving average price is $8.71. The stock has a market capitalization of $1.14 billion, a P/E ratio of 95.95 and a beta of 1.60. Semrush Holdings, Inc. has a 1-year low of $6.91 and a 1-year high of $18.74.

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.