Dimensional Fund Advisors LP Grows Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Dimensional Fund Advisors LP boosted its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 69.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 532,702 shares of the company’s stock after acquiring an additional 218,488 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of Semrush worth $7,132,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Summit Global Investments purchased a new stake in shares of Semrush during the 2nd quarter valued at about $156,000. Versor Investments LP purchased a new stake in Semrush during the second quarter valued at approximately $174,000. Los Angeles Capital Management LLC bought a new position in Semrush in the second quarter worth approximately $258,000. Quadrature Capital Ltd purchased a new position in shares of Semrush during the 4th quarter worth $289,000. Finally, Acadian Asset Management LLC grew its position in shares of Semrush by 330.9% during the 2nd quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after acquiring an additional 28,768 shares during the period. Institutional investors own 32.86% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Andrew Warden sold 3,953 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total transaction of $58,227.69. Following the completion of the transaction, the chief marketing officer now owns 257,364 shares in the company, valued at $3,790,971.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related 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 value of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares in the company, valued at approximately $11,401,035.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Andrew Warden sold 3,953 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $14.73, for a total transaction of $58,227.69. Following the sale, the chief marketing officer now directly owns 257,364 shares in the company, valued at approximately $3,790,971.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,867 shares of company stock worth $2,445,301 in the last 90 days. 57.83% of the stock is currently owned by corporate insiders.

Semrush Trading Up 0.1 %

Shares of SEMR opened at $13.71 on Wednesday. The business’s 50 day moving average is $14.01 and its 200 day moving average is $13.89. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42. The company has a market capitalization of $1.99 billion, a PE ratio of 152.33 and a beta of 1.58.

Semrush (NASDAQ:SEMR) last announced 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). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The company had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. Equities research analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

SEMR has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday. KeyCorp raised their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

About Semrush

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.