Ieq Capital LLC Makes New Investment in Semrush Holdings, Inc. $SEMR

Key Points

• Ieq Capital LLC has acquired a new stake in Semrush Holdings, Inc. valued at approximately $303,000, by purchasing 32,510 shares during the first quarter.
• A number of hedge funds have also increased their stakes in Semrush, with notable increases by Dimensional Fund Advisors and Price T Rowe Associates in the fourth quarter.
• The stock currently trades at $7.71 and has seen varying price targets set by analysts, with a consensus rating of "Moderate Buy" and an average price target of $14.00.

Ieq Capital LLC purchased a new position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,510 shares of the company's stock, valued at approximately $303,000.

A number of other hedge funds have also made changes to their positions in the stock. Signaturefd LLC bought a new position in Semrush during the first quarter worth $42,000. Comerica Bank increased its stake in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after purchasing an additional 801 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Semrush during the first quarter valued at approximately $110,000. Arizona State Retirement System grew its holdings in Semrush by 15.6% in the 1st quarter. Arizona State Retirement System now owns 12,411 shares of the company's stock worth $116,000 after buying an additional 1,671 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in Semrush by 15.7% in the 1st quarter. Aigen Investment Management LP now owns 13,007 shares of the company's stock valued at $121,000 after acquiring an additional 1,767 shares during the period. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Stock Performance

Shares of Semrush stock traded down $0.07 during trading on Tuesday, hitting $7.71. 823,430 shares of the stock traded hands, compared to its average volume of 871,701. The stock has a market cap of $1.15 billion, a P/E ratio of 96.34 and a beta of 1.64. Semrush Holdings, Inc. has a twelve month low of $7.01 and a twelve month high of $18.74. The company has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $9.40.

Insider Activity at Semrush

In other news, Director Mark Vranesh sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the director directly owned 116,693 shares in the company, valued at approximately $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Andrew Warden sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total value of $54,390.00. Following the sale, the chief marketing officer owned 366,917 shares in the company, valued at approximately $2,850,945.09. This represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,406 shares of company stock valued at $116,819. Corporate insiders own 55.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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 lowered their target price on Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Needham & Company LLC lowered their target price on Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Finally, KeyCorp set a $12.00 target price on Semrush and gave the stock an "overweight" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.00.

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.