Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,931 shares of the company’s stock after acquiring an additional 10,282 shares during the period. Algert Global LLC’s holdings in Semrush were worth $1,137,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SEMR. Summit Global Investments acquired a new position in Semrush during the second quarter worth $156,000. Versor Investments LP acquired a new position in Semrush in the second quarter valued at $174,000. The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% in the second 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 in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Semrush during the second quarter worth about $258,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Semrush during the fourth quarter worth about $289,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Stock Performance

SEMR stock opened at $14.43 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 160.33 and a beta of 1.58. The company has a 50 day moving average price of $14.04 and a two-hundred day moving average price of $13.83. Semrush Holdings, Inc. has a one year low of $7.36 and a one year high of $16.42.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $90.95 million during the quarter, compared to analyst estimates of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. Research analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Semrush

In related news, Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total transaction of $116,325.00. Following the sale, the director now owns 113,731 shares of the company’s stock, valued at $1,763,967.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $13.67, for a total value of $57,509.69. Following the completion of the sale, the chief financial officer now owns 437,418 shares of the company’s stock, valued at approximately $5,979,504.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total transaction of $116,325.00. Following the completion of the sale, the director now directly owns 113,731 shares of the company’s stock, valued at $1,763,967.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,191 shares of company stock worth $2,132,420. 57.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SEMR. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.