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

Oberweis Asset Management Inc. lifted its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,700 shares of the company's stock after buying an additional 39,700 shares during the period. Oberweis Asset Management Inc. owned about 0.16% of Semrush worth $2,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SEMR. Allspring Global Investments Holdings LLC purchased a new position in shares of Semrush in the 4th quarter worth approximately $6,869,000. Arrowstreet Capital Limited Partnership boosted 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 valued at $11,696,000 after buying an additional 541,899 shares during the period. First Trust Advisors LP bought a new position in shares of Semrush during the fourth quarter valued at approximately $3,715,000. Renaissance Group LLC purchased a new stake in shares of Semrush in the fourth quarter worth approximately $3,597,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Semrush by 56.7% during the 4th quarter. Renaissance Technologies LLC now owns 467,542 shares of the company's stock worth $5,554,000 after acquiring an additional 169,142 shares during the last quarter. Institutional investors own 32.86% of the company's stock.

Insider Activity at Semrush

In other Semrush news, President Eugenie Levin sold 15,093 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.11, for a total value of $258,241.23. Following the completion of the sale, the president now directly owns 493,456 shares in the company, valued at $8,443,032.16. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David W. Mason sold 1,875 shares of the company'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 transaction, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,374 shares of company stock valued at $2,012,411 over the last quarter. 57.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SEMR shares. Morgan Stanley reduced their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group lifted their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Northland Securities initiated coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Northland Capmk raised Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Semrush has a consensus rating of "Buy" and an average target price of $17.14.

Semrush Price Performance

NASDAQ SEMR traded down $0.14 during midday trading on Monday, hitting $10.20. 471,220 shares of the company traded hands, compared to its average volume of 548,622. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74. The company's 50-day simple moving average is $10.41 and its 200-day simple moving average is $12.87. The company has a market cap of $1.50 billion, a PE ratio of 127.45 and a beta of 1.80.

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.