11,374 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Purchased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,374 shares of the company’s stock, valued at approximately $135,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEMR. JPMorgan Chase & Co. boosted its holdings in Semrush by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after buying an additional 3,244 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after acquiring an additional 3,706 shares during the period. DRW Securities LLC bought a new stake in shares of Semrush during the 3rd quarter valued at $157,000. Virtu Financial LLC purchased a new stake in Semrush during the 3rd quarter worth about $158,000. Finally, Olympiad Research LP purchased a new position in Semrush during the 3rd quarter valued at about $159,000. Institutional investors own 32.86% of the company’s stock.

Insider Activity

In other news, COO Vitalii Obishchenko sold 5,293 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89. Following the transaction, the chief operating officer now directly owns 838,659 shares of the company’s stock, valued at $9,837,470.07. This represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dmitry Melnikov sold 42,226 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $13.50, for a total value of $570,051.00. Following the completion of the transaction, the director now directly owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 351,090 shares of company stock valued at $4,736,123 over the last ninety days. 57.83% of the stock is currently owned by corporate insiders.

Semrush Price Performance

SEMR opened at $17.98 on Friday. The firm has a market cap of $2.64 billion, a PE ratio of 224.00 and a beta of 1.69. The stock has a 50-day moving average price of $14.16 and a 200-day moving average price of $13.93. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $18.24.

Semrush (NASDAQ:SEMR) last issued its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The business had revenue of $97.41 million for the quarter, compared to analysts’ expectations of $96.49 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SEMR. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Securities started coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Jefferies Financial Group lifted their price objective on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

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.