First Trust Advisors LP Invests $3.72 Million in Semrush Holdings, Inc. (NASDAQ:SEMR)

First Trust Advisors LP purchased a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 312,688 shares of the company’s stock, valued at approximately $3,715,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Semrush during the fourth quarter worth $71,000. Polymer Capital Management US LLC purchased a new position in Semrush in the fourth quarter worth $121,000. Arizona State Retirement System bought a new position in Semrush in the 4th quarter valued at $128,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Semrush during the 4th quarter worth $135,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SEMR shares. The Goldman Sachs Group decreased their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Morgan Stanley reduced their price objective on Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Semrush currently has a consensus rating of “Buy” and a consensus price target of $17.14.

Semrush Stock Performance

NASDAQ:SEMR opened at $10.39 on Friday. The business’s fifty day moving average is $9.81 and its 200 day moving average is $12.77. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 129.92 and a beta of 1.80. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74.

Insider Transactions at Semrush

In other Semrush news, CMO Andrew Warden sold 17,118 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total value of $191,721.60. Following the sale, the chief marketing officer now directly owns 404,992 shares in the company, valued at $4,535,910.40. This represents a 4.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Vitalii Obishchenko sold 36,777 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $411,534.63. Following the transaction, the chief operating officer now owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,374 shares of company stock valued at $2,012,411. 57.83% of the stock is currently owned by corporate 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.