Raymond James Financial Services Advisors Inc. Buys New Shares in Semrush Holdings, Inc. (NASDAQ:SEMR)

Raymond James Financial Services Advisors Inc. bought a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,560 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEMR. Barclays PLC lifted its position in Semrush by 7.5% during the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock valued at $474,000 after buying an additional 3,914 shares in the last quarter. Pathstone Family Office LLC acquired a new position in Semrush during the third quarter valued at approximately $273,000. Wealthsource Partners LLC lifted its position in Semrush by 1.6% during the third quarter. Wealthsource Partners LLC now owns 76,772 shares of the company’s stock valued at $653,000 after buying an additional 1,182 shares in the last quarter. Hsbc Holdings PLC lifted its position in Semrush by 61.0% during the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after buying an additional 7,947 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Semrush during the third quarter valued at approximately $415,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Price Performance

SEMR opened at $12.29 on Thursday. The stock has a market capitalization of $1.78 billion, a PE ratio of 1,230.23 and a beta of 1.56. The firm’s fifty day moving average price is $12.27 and its 200 day moving average price is $11.32. Semrush Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $14.09.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $83.39 million for the quarter, compared to analysts’ expectations of $83.19 million. Semrush had a net margin of 0.31% and a return on equity of 0.46%. On average, equities research analysts forecast that Semrush Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Semrush

In related news, COO Vitalii Obishchenko sold 15,114 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total value of $199,504.80. Following the sale, the chief operating officer now directly owns 908,663 shares of the company’s stock, valued at $11,994,351.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Semrush news, CMO Andrew Warden sold 9,355 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.15, for a total transaction of $123,018.25. Following the completion of the sale, the chief marketing officer now owns 265,471 shares in the company, valued at $3,490,943.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Vitalii Obishchenko sold 15,114 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total transaction of $199,504.80. Following the sale, the chief operating officer now owns 908,663 shares of the company’s stock, valued at approximately $11,994,351.60. The disclosure for this sale can be found here. Insiders have sold 149,024 shares of company stock valued at $1,935,361 over the last ninety days. Corporate insiders own 60.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. KeyCorp started coverage on shares of Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target on the stock. The Goldman Sachs Group boosted their target price on shares of Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Semrush in a research report on Tuesday, March 5th. Jefferies Financial Group raised shares of Semrush from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $15.00 in a research report on Wednesday, February 7th. Finally, Piper Sandler reduced their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Semrush currently has an average rating of “Moderate Buy” and an average price target of $13.50.

Semrush 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.