Vanguard Group Inc. Boosts Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Vanguard Group Inc. grew its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,177,228 shares of the company's stock after purchasing an additional 113,222 shares during the quarter. Vanguard Group Inc. owned approximately 3.53% of Semrush worth $61,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Semrush by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 301,405 shares of the company's stock valued at $4,735,000 after acquiring an additional 33,950 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Semrush by 30.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,845 shares of the company's stock valued at $343,000 after buying an additional 5,068 shares during the last quarter. State Street Corp increased its stake in shares of Semrush by 1.4% in the third quarter. State Street Corp now owns 954,409 shares of the company's stock valued at $14,994,000 after buying an additional 13,374 shares during the period. Wellington Management Group LLP lifted its stake in shares of 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 acquiring an additional 168,400 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Semrush in the third quarter valued at approximately $608,000. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. The Goldman Sachs Group dropped their price objective on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Northland Capmk raised Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Semrush currently has an average rating of "Buy" and an average price target of $17.14.

Semrush Price Performance

Shares of NASDAQ:SEMR traded down $0.07 during midday trading on Thursday, hitting $8.83. 57,147 shares of the company's stock were exchanged, compared to its average volume of 729,726. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74. The company has a market cap of $1.30 billion, a PE ratio of 110.33 and a beta of 1.80. The stock has a 50 day moving average price of $11.58 and a 200-day moving average price of $13.11.

Insider Transactions at Semrush

In other Semrush news, President Eugenie Levin sold 43,200 shares of the company's stock in a transaction dated 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 directly owns 537,349 shares of the company's stock, valued at approximately $8,269,801.11. This represents a 7.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel David W. Mason sold 1,875 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 158,415 shares in the company, valued at $2,716,817.25. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 242,374 shares of company stock valued at $3,096,411 over the last ninety days. 57.83% of the stock is currently owned by insiders.

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.