SG Americas Securities LLC Purchases 43,027 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

SG Americas Securities LLC grew its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 329.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,089 shares of the company's stock after purchasing an additional 43,027 shares during the quarter. SG Americas Securities LLC's holdings in Semrush were worth $666,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SEMR. Point72 Asset Management L.P. bought a new stake in Semrush in the 2nd quarter valued at about $123,000. DRW Securities LLC bought a new position in Semrush during the 3rd quarter worth $157,000. Virtu Financial LLC acquired a new position in Semrush in the 3rd quarter valued at $158,000. Olympiad Research LP bought a new stake in shares of Semrush during the 3rd quarter valued at $159,000. Finally, Dakota Wealth Management acquired a new stake in shares of Semrush during the 4th quarter worth $199,000. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Stock Performance

Shares of SEMR traded down $0.10 during trading hours on Monday, reaching $17.34. The stock had a trading volume of 374,268 shares, compared to its average volume of 726,999. The stock has a market capitalization of $2.54 billion, a PE ratio of 217.09 and a beta of 1.69. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $17.95. The company's 50-day moving average is $13.76 and its two-hundred day moving average is $13.81.

Semrush (NASDAQ:SEMR - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The firm had revenue of $97.41 million for the quarter, compared to analyst estimates of $96.49 million. During the same period in the previous year, the business posted $0.03 earnings per share. Equities analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Semrush

In other news, CEO Oleg Shchegolev sold 6,859 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $80,318.89. Following the sale, the chief executive officer now directly owns 7,301,214 shares of the company's stock, valued at approximately $85,497,215.94. This represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dmitry Melnikov sold 42,226 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the sale, the director now owns 9,099,091 shares of the company's stock, valued at approximately $122,837,728.50. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 334,122 shares of company stock worth $4,445,725. 57.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price objective for the company. Northland Capmk raised Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.88.

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.