85,460 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 85,460 shares of the company's stock, valued at approximately $1,167,000. Mutual of America Capital Management LLC owned about 0.06% of Semrush at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new stake in Semrush during the 4th quarter worth approximately $226,000. Harbor Capital Advisors Inc. increased its stake in Semrush by 33.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company's stock worth $75,000 after purchasing an additional 1,378 shares in the last quarter. Algert Global LLC bought a new stake in Semrush during the 3rd quarter worth approximately $415,000. Hsbc Holdings PLC increased its stake in Semrush by 61.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company's stock worth $175,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Wealthsource Partners LLC increased its stake in Semrush by 1.6% during the 3rd quarter. Wealthsource Partners LLC now owns 76,772 shares of the company's stock worth $653,000 after purchasing an additional 1,182 shares in the last quarter. 32.86% of the stock is owned by institutional investors.

Insider Transactions at Semrush

In other news, CFO Brian Mulroy sold 89,079 shares of Semrush stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the completion of the sale, the chief financial officer now owns 441,625 shares of the company's stock, valued at $5,692,546.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Brian Mulroy sold 89,079 shares of Semrush stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the completion of the sale, the chief financial officer now owns 441,625 shares of the company's stock, valued at $5,692,546.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Oleg Shchegolev sold 19,225 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total value of $253,962.25. Following the completion of the transaction, the chief executive officer now owns 4,397,238 shares in the company, valued at approximately $58,087,513.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,024 shares of company stock valued at $1,935,361. 60.76% of the stock is currently owned by corporate insiders.

Semrush Price Performance

Semrush stock traded up $0.35 during mid-day trading on Tuesday, hitting $12.25. 289,256 shares of the company's stock traded hands, compared to its average volume of 564,005. The firm has a 50 day simple moving average of $12.27 and a two-hundred day simple moving average of $11.31. Semrush Holdings, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $14.09. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 1,226.23 and a beta of 1.56.

Semrush (NASDAQ:SEMR - Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The business had revenue of $83.39 million during the quarter, compared to the consensus estimate of $83.19 million. On average, research analysts anticipate that Semrush Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

SEMR has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Semrush from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 23rd. Piper Sandler decreased their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group raised shares of Semrush from a "hold" rating to a "buy" rating and raised their price target for the stock from $9.00 to $15.00 in a research note on Wednesday, February 7th. KeyCorp began coverage on shares of Semrush in a research note on Thursday, March 21st. They set an "overweight" rating and a $17.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price target on shares of Semrush in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.50.

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.