Strs Ohio Makes New $390,000 Investment in Semrush Holdings, Inc. $SEMR

Key Points

• Strs Ohio has invested approximately $390,000 in Semrush Holdings, acquiring 41,800 shares of the company during the first quarter of the year.
• Institutional investors now own 32.86% of Semrush's stock, with several hedge funds, including Ameriprise Financial and Deutsche Bank, increasing their stakes in the company recently.
• Equities analysts have set a consensus target price of $14.00 for SEMR, with ratings ranging from "Strong Buy" to "Neutral" from various firms.

Strs Ohio acquired a new position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,800 shares of the company's stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new stake in Semrush in the 4th quarter worth approximately $1,554,000. BNP Paribas Financial Markets acquired a new stake in Semrush in the 4th quarter worth approximately $295,000. Bank of America Corp DE boosted its stake in Semrush by 14.7% in the 4th quarter. Bank of America Corp DE now owns 42,211 shares of the company's stock worth $501,000 after purchasing an additional 5,424 shares in the last quarter. Deutsche Bank AG lifted its stake in Semrush by 46.7% during the 4th quarter. Deutsche Bank AG now owns 33,769 shares of the company's stock valued at $401,000 after acquiring an additional 10,753 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in Semrush by 3.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock valued at $299,000 after acquiring an additional 830 shares during the period. Hedge funds and other institutional investors own 32.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SEMR shares. KeyCorp set a $12.00 target price on shares of Semrush and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $9.00 target price on shares of Semrush and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Needham & Company LLC reduced their target price on shares of Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Insider Activity

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

Semrush Price Performance

Shares of SEMR stock opened at $7.53 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of 94.07 and a beta of 1.64. The company has a 50-day moving average of $8.09 and a two-hundred day moving average of $9.07. Semrush Holdings, Inc. has a 1-year low of $7.01 and a 1-year high of $18.74.

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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