Fox Run Management L.L.C. Raises Stock Holdings in Semrush Holdings, Inc. $SEMR

Key Points

• Fox Run Management L.L.C. increased its stake in Semrush by 213.9% during the first quarter, acquiring an additional 59,124 shares, bringing their total to 86,761 shares valued at $809,000.
• Semrush's shares are currently trading at $7.59, showcasing a 52-week range between a low of $7.01 and a high of $18.74, with a market cap of $1.12 billion.
• In recent analyst ratings, Morgan Stanley set a target price of $9.00 for Semrush, highlighting a consensus average target price of $14.00 among analysts.

Fox Run Management L.L.C. lifted its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 213.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,761 shares of the company's stock after acquiring an additional 59,124 shares during the quarter. Fox Run Management L.L.C. owned 0.06% of Semrush worth $809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SEMR. Zevenbergen Capital Investments LLC bought a new position in Semrush in the first quarter worth about $2,273,000. Ameriprise Financial Inc. bought a new position in Semrush in the fourth quarter worth about $1,554,000. Two Sigma Investments LP raised its holdings in Semrush by 56.6% in the fourth quarter. Two Sigma Investments LP now owns 174,927 shares of the company's stock worth $2,078,000 after purchasing an additional 63,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Semrush in the first quarter worth about $214,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Semrush during the fourth quarter valued at about $608,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Stock Up 0.9%

Shares of NASDAQ SEMR traded up $0.0650 during midday trading on Thursday, reaching $7.6550. 237,475 shares of the stock were exchanged, compared to its average volume of 858,745. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 95.82 and a beta of 1.65. Semrush Holdings, Inc. has a twelve month low of $7.01 and a twelve month high of $18.74. The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $10.39.

Analysts Set New Price Targets

A number of research firms recently commented on SEMR. KeyCorp set a $12.00 target price on shares of Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group lowered their target price on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Needham & Company LLC lowered their target price on shares of Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $9.00 target price on shares of Semrush and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Insider Activity at Semrush

In related news, Director Anna Baird sold 20,000 shares of Semrush stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $10.00, for a total value of $200,000.00. Following the sale, the director owned 26,556 shares of the company's stock, valued at approximately $265,560. This trade represents a 42.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David W. Mason sold 7,500 shares of Semrush stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total transaction of $75,225.00. Following the completion of the sale, the insider directly owned 261,702 shares in the company, valued at $2,624,871.06. This represents a 2.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,906 shares of company stock worth $546,254 over the last 90 days. 55.61% of the stock is owned by insiders.

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.