Quantbot Technologies LP Increases Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Quantbot Technologies LP grew its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 263.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,817 shares of the company's stock after acquiring an additional 47,007 shares during the quarter. Quantbot Technologies LP's holdings in Semrush were worth $770,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. US Bancorp DE grew its holdings in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after buying an additional 3,446 shares during the last quarter. Arizona State Retirement System acquired a new stake in Semrush during the 4th quarter worth approximately $128,000. Stoneridge Investment Partners LLC purchased a new position in shares of Semrush in the 4th quarter valued at approximately $135,000. DRW Securities LLC acquired a new position in shares of Semrush in the third quarter valued at approximately $157,000. Finally, Virtu Financial LLC purchased a new stake in shares of Semrush during the third quarter worth approximately $158,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Semrush

In related news, President Eugenie Levin sold 15,093 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.11, for a total transaction of $258,241.23. Following the sale, the president now owns 493,456 shares of the company's stock, valued at $8,443,032.16. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares in the company, valued at $2,716,817.25. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 266,702 shares of company stock valued at $3,441,515. Insiders own 57.83% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEMR. 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 research report on Monday, February 3rd. The Goldman Sachs Group dropped their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday. Northland Securities began coverage on Semrush in a report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target for the company. Northland Capmk raised Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley raised Semrush from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $17.00 to $20.00 in a report on Monday, January 13th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $18.14.

Semrush Price Performance

Semrush stock traded down $0.27 during trading hours on Friday, hitting $9.59. The stock had a trading volume of 448,791 shares, compared to its average volume of 536,927. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 119.83 and a beta of 1.77. Semrush Holdings, Inc. has a 1-year low of $9.21 and a 1-year high of $18.74. The stock's fifty day moving average is $14.01 and its two-hundred day moving average is $13.69.

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.