Acadian Asset Management LLC Grows Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Acadian Asset Management LLC raised its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 330.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,461 shares of the company’s stock after purchasing an additional 28,768 shares during the period. Acadian Asset Management LLC’s holdings in Semrush were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SEMR. Russell Investments Group Ltd. grew its stake in Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after buying an additional 1,563 shares in the last quarter. Summit Global Investments purchased a new position in Semrush during the 2nd quarter valued at about $156,000. Versor Investments LP bought a new stake in shares of Semrush during the second quarter valued at about $174,000. Los Angeles Capital Management LLC purchased a new stake in shares of Semrush in the second quarter worth about $258,000. Finally, Quadrature Capital Ltd bought a new position in shares of Semrush in the fourth quarter valued at approximately $289,000. Institutional investors own 32.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SEMR shares. KeyCorp increased their target price on shares of Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Semrush has an average rating of “Moderate Buy” and a consensus price target of $14.33.

Insider Buying and Selling at Semrush

In other news, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $13.35, for a total value of $100,125.00. Following the completion of the sale, the director now directly owns 121,231 shares in the company, valued at approximately $1,618,433.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Dmitry Melnikov sold 10,011 shares of Semrush stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $14.02, for a total value of $140,354.22. Following the transaction, the director now owns 9,362,419 shares in the company, valued at $131,261,114.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $13.35, for a total value of $100,125.00. Following the completion of the sale, the director now directly owns 121,231 shares of the company’s stock, valued at approximately $1,618,433.85. The disclosure for this sale can be found here. Insiders have sold 111,049 shares of company stock worth $1,507,419 over the last ninety days. Insiders own 57.83% of the company’s stock.

Semrush Stock Performance

Semrush stock opened at $14.56 on Thursday. Semrush Holdings, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $16.42. The firm’s fifty day moving average price is $13.78 and its 200-day moving average price is $13.55. The stock has a market cap of $2.11 billion, a P/E ratio of 161.78 and a beta of 1.57.

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

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.