Algert Global LLC Buys 10,282 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Algert Global LLC grew its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 13.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,931 shares of the company’s stock after purchasing an additional 10,282 shares during the period. Algert Global LLC owned approximately 0.06% of Semrush worth $1,137,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Semrush by 5.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock valued at $2,896,000 after purchasing an additional 10,455 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Semrush by 29.7% in the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after purchasing an additional 11,202 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Semrush in the second quarter worth approximately $156,000. Finally, Versor Investments LP purchased a new stake in shares of Semrush in the second quarter worth approximately $174,000. 32.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

SEMR has been the topic of several recent analyst reports. KeyCorp increased their price target on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Buying and Selling at Semrush

In related news, Director Dmitry Melnikov sold 8,666 shares of Semrush stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $14.00, for a total value of $121,324.00. Following the completion of the transaction, the director now owns 9,372,430 shares in the company, valued at $131,214,020. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dmitry Melnikov sold 8,666 shares of Semrush stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $14.00, for a total value of $121,324.00. Following the completion of the transaction, the director now owns 9,372,430 shares in the company, valued at $131,214,020. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Vitalii Obishchenko sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.43, for a total value of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at approximately $11,401,035.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,191 shares of company stock worth $2,132,420. Insiders own 57.83% of the company’s stock.

Semrush Stock Performance

Shares of SEMR opened at $14.43 on Friday. The stock has a 50-day moving average of $14.04 and a two-hundred day moving average of $13.83. Semrush Holdings, Inc. has a one year low of $7.36 and a one year high of $16.42. The stock has a market cap of $2.10 billion, a P/E ratio of 160.33 and a beta of 1.58.

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

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.