Renaissance Group LLC Acquires Shares of 302,803 Semrush Holdings, Inc. (NASDAQ:SEMR)

Renaissance Group LLC purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 302,803 shares of the company's stock, valued at approximately $3,597,000. Renaissance Group LLC owned about 0.21% of Semrush at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Semrush by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock worth $61,505,000 after buying an additional 113,222 shares during the period. Wellington Management Group LLP increased its stake in Semrush by 12.4% in the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company's stock worth $24,030,000 after purchasing an additional 168,400 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after purchasing an additional 541,899 shares during the last quarter. State Street Corp lifted its position in shares of Semrush by 1.4% during the third quarter. State Street Corp now owns 954,409 shares of the company's stock worth $14,994,000 after purchasing an additional 13,374 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Semrush by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 792,827 shares of the company's stock valued at $9,421,000 after purchasing an additional 4,537 shares during the period. 32.86% of the stock is owned by institutional investors.

Insider Activity at Semrush

In other news, President Eugenie Levin sold 43,200 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $15.39, for a total value of $664,848.00. Following the completion of the sale, the president now owns 537,349 shares of the company's stock, valued at $8,269,801.11. This represents a 7.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total value of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares of the company's stock, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,167 shares of company stock valued at $3,060,189. Corporate insiders own 57.83% of the company's stock.

Semrush Price Performance

Semrush stock traded up $0.09 during midday trading on Monday, reaching $8.93. The company had a trading volume of 118,998 shares, compared to its average volume of 540,762. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The company has a market capitalization of $1.31 billion, a P/E ratio of 111.64 and a beta of 1.80. The firm's fifty day simple moving average is $12.11 and its 200-day simple moving average is $13.21.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Morgan Stanley raised Semrush from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $17.00 to $20.00 in a research report on Monday, January 13th. 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 report on Monday, February 3rd. Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price objective for the company. Finally, Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $18.14.

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.