SG Americas Securities LLC Has $205,000 Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

SG Americas Securities LLC lowered its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 73.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 13,062 shares of the company’s stock after selling 35,788 shares during the period. SG Americas Securities LLC’s holdings in Semrush were worth $205,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in Semrush during the 2nd quarter valued at about $123,000. Summit Global Investments acquired a new position in Semrush during the 2nd quarter valued at about $156,000. Versor Investments LP acquired a new position in Semrush during the 2nd quarter valued at about $174,000. The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% during 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. Finally, Los Angeles Capital Management LLC acquired a new position in Semrush during the 2nd quarter valued at about $258,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Down 1.6 %

NASDAQ:SEMR opened at $13.32 on Wednesday. The stock has a market capitalization of $1.93 billion, a PE ratio of 148.00 and a beta of 1.58. The firm’s 50 day moving average is $13.93 and its 200 day moving average is $13.91. Semrush Holdings, Inc. has a 12 month low of $7.36 and a 12 month high of $16.42.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company 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%. Research analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Vitalii Obishchenko sold 55,000 shares of Semrush stock in a transaction that occurred on Wednesday, September 11th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Semrush news, COO Vitalii Obishchenko sold 55,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total transaction of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at $11,401,035.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $13.12, for a total transaction of $55,195.84. Following the sale, the chief financial officer now directly owns 433,211 shares in the company, valued at $5,683,728.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,867 shares of company stock valued at $2,442,987. 57.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SEMR. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp boosted their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.57.

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.