Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Semrush Holdings, Inc. (NASDAQ:SEMR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $827,000 to acquire 88,656 shares of Semrush Holdings, Inc., representing a 0.06% stake as disclosed in an SEC filing.
• Several hedge funds, including Comerica Bank and D. E. Shaw & Co., have increased their stakes in Semrush, with institutional investors now owning approximately 32.86% of the company's stock.
• Wall Street analysts have mixed opinions on Semrush, with an average rating of "Buy" and a target price of $16.43, despite recent reductions in price targets by KeyCorp and Morgan Stanley.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 88,656 shares of the company's stock, valued at approximately $827,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Semrush as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new position in Semrush in the first quarter valued at approximately $42,000. Quarry LP lifted its stake in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank boosted its holdings 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 acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $86,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SEMR has been the subject of several analyst reports. Needham & Company LLC cut their price target on Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday. Morgan Stanley set a $9.00 price target on Semrush and gave the stock an "equal weight" rating in a research note on Tuesday. The Goldman Sachs Group cut their price target on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, KeyCorp set a $12.00 price objective on Semrush and gave the company an "overweight" rating in a research note on Tuesday. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

Semrush Trading Up 2.7%

SEMR stock traded up $0.20 during midday trading on Wednesday, hitting $7.50. 1,615,489 shares of the company's stock were exchanged, compared to its average volume of 810,578. Semrush Holdings, Inc. has a 12-month low of $7.10 and a 12-month high of $18.74. The firm has a 50 day moving average price of $9.28 and a 200-day moving average price of $11.05. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 93.82 and a beta of 1.65.

Insider Activity at Semrush

In other Semrush news, CTO Oleg Shchegolev sold 2,500,000 shares of Semrush stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $10.01, for a total transaction of $25,025,000.00. Following the sale, the chief technology officer directly owned 26,739,320 shares in the company, valued at $267,660,593.20. The trade was a 8.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Mulroy sold 20,000 shares of Semrush stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.43, for a total value of $208,600.00. Following the sale, the chief financial officer owned 907,385 shares in the company, valued at $9,464,025.55. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,561,250 shares of company stock worth $25,650,643 over the last ninety days. Company insiders own 55.61% of the company's stock.

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.