Bank of New York Mellon Corp Raises Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Bank of New York Mellon Corp increased its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 28.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,761 shares of the company’s stock after buying an additional 23,313 shares during the period. Bank of New York Mellon Corp owned about 0.07% of Semrush worth $1,403,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Semrush by 20.9% during the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after acquiring an additional 1,563 shares during the period. Summit Global Investments purchased a new position in shares of Semrush in the second quarter worth about $156,000. Quadrature Capital Ltd bought a new position in Semrush in the 4th quarter worth approximately $289,000. Trexquant Investment LP bought a new position in Semrush in the 4th quarter worth approximately $351,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Semrush during the 1st quarter valued at $543,000. Institutional investors own 32.86% of the company’s stock.

Semrush Stock Performance

SEMR stock opened at $15.25 on Friday. The company has a market capitalization of $2.23 billion, a PE ratio of 136.80 and a beta of 1.57. Semrush Holdings, Inc. has a one year low of $7.36 and a one year high of $16.42. The company’s 50 day moving average price is $13.80 and its two-hundred day moving average price is $13.55.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $90.95 million during the quarter, compared to the consensus estimate of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. On average, research analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

SEMR has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, August 7th. KeyCorp boosted their target price on Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Insider Activity at Semrush

In other news, COO Vitalii Obishchenko sold 4,740 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $13.63, for a total transaction of $64,606.20. Following the completion of the transaction, the chief operating officer now directly owns 903,923 shares of the company’s stock, valued at $12,320,470.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Dmitry Melnikov sold 64,140 shares of Semrush stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $14.59, for a total transaction of $935,802.60. Following the sale, the director now directly owns 9,227,898 shares in the company, valued at $134,635,031.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Vitalii Obishchenko sold 4,740 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $13.63, for a total value of $64,606.20. Following the completion of the transaction, the chief operating officer now owns 903,923 shares of the company’s stock, valued at approximately $12,320,470.49. The disclosure for this sale can be found here. Insiders sold 175,189 shares of company stock worth $2,443,222 in the last three months. 57.83% of the stock is owned by insiders.

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.