Trexquant Investment LP Takes Position in Semrush Holdings, Inc. $SEMR

Key Points

• Trexquant Investment LP has acquired a new position in Semrush Holdings, purchasing 81,544 shares valued at approximately $761,000.
• Several institutional investors increased their stakes in Semrush during the first quarter, with Next Century Growth Investors LLC raising its position by 23.1%.
• Wall Street analysts have varied opinions on Semrush, with Goldman Sachs lowering its target price from $12.00 to $9.00, while Needham & Company maintains a "buy" rating with a price target of $12.00.

Trexquant Investment LP acquired a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 81,544 shares of the company's stock, valued at approximately $761,000. Trexquant Investment LP owned about 0.06% of Semrush at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC bought a new stake in shares of Semrush during the first quarter worth $42,000. Comerica Bank grew its stake in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after buying an additional 801 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Semrush during the fourth quarter worth $122,000. ProShare Advisors LLC bought a new stake in shares of Semrush during the fourth quarter worth $123,000. Finally, Vident Advisory LLC bought a new stake in shares of Semrush during the fourth quarter worth $133,000. Institutional investors own 32.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SEMR. The Goldman Sachs Group decreased their target price on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. 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. 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. Finally, Needham & Company LLC reduced their price objective on shares of Semrush from $18.00 to $12.00 and set a "buy" rating on the stock 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 given a Hold rating to the company's stock. According to MarketBeat.com, Semrush currently has an average rating of "Moderate Buy" and an average price target of $14.00.

Semrush Price Performance

Shares of Semrush stock traded down $0.18 during trading on Friday, hitting $7.42. The company's stock had a trading volume of 706,970 shares, compared to its average volume of 876,994. Semrush Holdings, Inc. has a 52 week low of $7.01 and a 52 week high of $18.74. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 92.72 and a beta of 1.64. The stock has a 50-day moving average price of $8.27 and a two-hundred day moving average price of $9.27.

Insider Buying and Selling at Semrush

In related news, Director Mark Vranesh sold 5,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the transaction, the director owned 116,693 shares in the company, valued at $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Andrew Warden sold 7,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer owned 366,917 shares in the company, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,406 shares of company stock worth $116,819. 55.61% of the stock is owned by company insiders.

Semrush Company 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.