Lazard Asset Management LLC raised its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 291.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,872 shares of the company's stock after acquiring an additional 86,302 shares during the quarter. Lazard Asset Management LLC owned approximately 0.08% of Semrush worth $1,376,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in SEMR. Topline Capital Management LLC purchased a new position in Semrush in the fourth quarter worth approximately $9,267,000. Allspring Global Investments Holdings LLC purchased a new position in Semrush in the fourth quarter worth approximately $6,869,000. Arrowstreet Capital Limited Partnership lifted its stake in Semrush by 122.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after acquiring an additional 541,899 shares during the last quarter. First Trust Advisors LP purchased a new position in Semrush in the fourth quarter worth approximately $3,715,000. Finally, Renaissance Group LLC purchased a new stake in shares of Semrush during the 4th quarter worth approximately $3,597,000. Hedge funds and other institutional investors own 32.86% of the company's stock.
Semrush Price Performance
Shares of Semrush stock opened at $10.78 on Monday. The firm's fifty day simple moving average is $9.70 and its 200-day simple moving average is $12.58. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 134.82 and a beta of 1.79. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74.
Analyst Ratings Changes
Several analysts have recently weighed in on SEMR shares. KeyCorp reduced their price objective on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Morgan Stanley reduced their price objective on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group boosted their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $16.43.
Check Out Our Latest Stock Report on SEMR
Insider Activity
In other news, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction on Friday, April 11th. The shares were sold at an average price of $8.61, for a total value of $36,222.27. Following the transaction, the chief financial officer now directly owns 694,351 shares of the company's stock, valued at $5,978,362.11. The trade was a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Andrew Warden sold 7,344 shares of Semrush stock in a transaction on Monday, May 12th. The shares were sold at an average price of $10.81, for a total transaction of $79,388.64. Following the completion of the transaction, the chief marketing officer now directly owns 393,655 shares in the company, valued at $4,255,410.55. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,750 shares of company stock valued at $1,801,402 in the last ninety days. 57.83% of the stock is currently owned by company insiders.
About Semrush
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SEMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report).
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