Oberweis Asset Management Inc. Purchases 39,700 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Oberweis Asset Management Inc. boosted its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,700 shares of the company's stock after buying an additional 39,700 shares during the quarter. Oberweis Asset Management Inc. owned approximately 0.16% of Semrush worth $2,776,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE raised its holdings in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after acquiring an additional 3,446 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Semrush during the 4th quarter worth about $71,000. Polymer Capital Management US LLC acquired a new stake in shares of Semrush during the 4th quarter valued at about $121,000. Arizona State Retirement System bought a new stake in shares of Semrush in the 4th quarter valued at approximately $128,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Semrush in the fourth quarter worth approximately $135,000. Institutional investors and hedge funds own 32.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Northland Securities assumed coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price for the company. Northland Capmk upgraded Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. The Goldman Sachs Group reduced their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Morgan Stanley lowered their target price on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Semrush has an average rating of "Buy" and an average price target of $17.14.

Insider Activity

In related news, CMO Andrew Warden sold 17,118 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total transaction of $191,721.60. Following the completion of the sale, the chief marketing officer now directly owns 404,992 shares of the company's stock, valued at $4,535,910.40. The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel David W. Mason sold 1,875 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the completion of the transaction, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock valued at $2,012,411 over the last 90 days. 57.83% of the stock is owned by company insiders.

Semrush Stock Down 1.4 %

NASDAQ:SEMR traded down $0.14 during trading hours on Wednesday, hitting $10.18. 114,644 shares of the stock were exchanged, compared to its average volume of 547,369. The company's 50 day moving average is $10.13 and its two-hundred day moving average is $12.83. The company has a market capitalization of $1.50 billion, a P/E ratio of 127.27 and a beta of 1.80. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74.

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.