Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Bought by Fox Run Management L.L.C.

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. grew its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 213.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 0.06% of Semrush worth $809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its stake in Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after acquiring an additional 3,589 shares during the last quarter. Signaturefd LLC acquired a new stake in Semrush during the first quarter worth about $42,000. Comerica Bank grew 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 buying an additional 801 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Semrush in the fourth quarter valued at about $86,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Semrush in the fourth quarter valued at about $122,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Stock Up 2.3%

Shares of NASDAQ SEMR opened at $7.59 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $18.74. The business has a 50 day moving average price of $8.86 and a two-hundred day moving average price of $10.60. The firm has a market cap of $1.12 billion, a PE ratio of 94.89 and a beta of 1.65.

Insider Activity

In other Semrush news, Director Mark Vranesh sold 5,000 shares of the firm'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 completion of the sale, the director owned 116,693 shares in the company, valued at $1,166,930. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David W. Mason sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $10.03, for a total value of $75,225.00. Following the transaction, the insider directly owned 261,702 shares in the company, valued at approximately $2,624,871.06. This represents a 2.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,553,906 shares of company stock worth $25,571,254 over the last quarter. Corporate insiders own 55.61% of the company's stock.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of recent research reports. Morgan Stanley set a $9.00 target price on Semrush and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. KeyCorp set a $12.00 target price on Semrush and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Needham & Company LLC lowered their target price on Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group lowered their target price on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

About Semrush

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.

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