Sei Investments Co. Makes New $730,000 Investment in Semrush Holdings, Inc. (NASDAQ:SEMR)

Sei Investments Co. acquired a new position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 54,507 shares of the company's stock, valued at approximately $730,000.

A number of other institutional investors have also recently bought and sold shares of SEMR. Rhumbline Advisers increased its stake in shares of Semrush by 29.7% in the second quarter. Rhumbline Advisers now owns 48,912 shares of the company's stock worth $655,000 after acquiring an additional 11,202 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Semrush during the 2nd quarter valued at about $156,000. Versor Investments LP bought a new stake in shares of Semrush in the 2nd quarter valued at approximately $174,000. SkyView Investment Advisors LLC raised its position in Semrush by 8.9% during the first quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company's stock valued at $2,729,000 after acquiring an additional 16,738 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Semrush in the second quarter valued at approximately $258,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Eugenie Levin sold 3,788 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total value of $53,486.56. Following the completion of the transaction, the president now directly owns 601,892 shares of the company's stock, valued at $8,498,715.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Semrush news, President Eugenie Levin sold 3,788 shares of Semrush stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the sale, the president now directly owns 601,892 shares of the company's stock, valued at approximately $8,498,715.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Andrew Warden sold 3,953 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $14.73, for a total value of $58,227.69. Following the completion of the sale, the chief marketing officer now owns 257,364 shares in the company, valued at approximately $3,790,971.72. This 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 172,867 shares of company stock worth $2,445,301. 57.83% of the stock is currently owned by company insiders.

Semrush Price Performance

Shares of NASDAQ SEMR traded down $0.50 during trading hours on Wednesday, hitting $13.21. 354,428 shares of the company's stock were exchanged, compared to its average volume of 524,056. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 152.33 and a beta of 1.58. The company's 50-day moving average price is $13.98 and its 200-day moving average price is $13.90. Semrush Holdings, Inc. has a 1-year low of $7.36 and a 1-year high of $16.42.

Semrush (NASDAQ:SEMR - Get Free Report) last issued its quarterly earnings results 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). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The company had revenue of $90.95 million during the quarter, compared to the consensus estimate of $89.70 million. On average, research analysts expect that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SEMR. The Goldman Sachs Group increased their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday. Needham & Company LLC reissued a "buy" rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Finally, KeyCorp increased their price objective on Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Semrush has a consensus rating of "Moderate Buy" and a consensus target price of $15.57.

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.