Vanguard Group Inc. Increases Stock Position in Semrush Holdings, Inc. $SEMR

Key Points

• Vanguard Group Inc. has increased its stake in Semrush Holdings, owning approximately 5.2 million shares valued at $48.69 million, representing a 0.8% rise in position during Q1.
• Multiple institutional investors have made significant adjustments to their holdings in Semrush, contributing to a total institutional ownership of 32.86%.
• Analysts have set new price targets for Semrush, with estimates ranging from $9.00 to $14.00, and a consensus rating of "Moderate Buy" based on various analysis reports.

Vanguard Group Inc. increased its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,218,495 shares of the company's stock after purchasing an additional 41,267 shares during the period. Vanguard Group Inc. owned approximately 3.55% of Semrush worth $48,689,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its position 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 acquiring an additional 3,589 shares during the last quarter. Signaturefd LLC bought a new position in Semrush in the first quarter valued at about $42,000. Comerica Bank grew its position in 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 last quarter. Aquatic Capital Management LLC bought a new position in Semrush in the fourth quarter valued at about $86,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Semrush in the fourth quarter valued at about $122,000. Institutional investors own 32.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SEMR. The Goldman Sachs Group decreased their target price on Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley set a $9.00 target price on Semrush and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. KeyCorp set a $12.00 price target on Semrush and gave the company an "overweight" rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC cut their price target on Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.00.

Insiders Place Their Bets

In other news, CFO Brian Mulroy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.43, for a total transaction of $208,600.00. Following the completion of the sale, the chief financial officer owned 907,385 shares in the company, valued at $9,464,025.55. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anna Baird sold 20,000 shares of the business's stock in a transaction that occurred 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 represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,906 shares of company stock valued at $600,644 in the last 90 days. Company insiders own 55.61% of the company's stock.

Semrush Price Performance

Shares of Semrush stock traded up $0.02 during midday trading on Thursday, reaching $7.88. The company had a trading volume of 764,442 shares, compared to its average volume of 867,039. The stock has a fifty day moving average price of $8.56 and a 200 day moving average price of $9.98. The firm has a market cap of $1.17 billion, a PE ratio of 98.45 and a beta of 1.65. Semrush Holdings, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $18.74.

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.