Stoneridge Investment Partners LLC Makes New $135,000 Investment in Semrush Holdings, Inc. (NASDAQ:SEMR)

Stoneridge Investment Partners LLC purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,374 shares of the company’s stock, valued at approximately $135,000.

Several other institutional investors have also made changes to their positions in SEMR. DRW Securities LLC acquired a new position in Semrush during the third quarter valued at approximately $157,000. Virtu Financial LLC acquired a new position in shares of Semrush during the 3rd quarter worth $158,000. Olympiad Research LP acquired a new position in shares of Semrush during the 3rd quarter worth $159,000. Dakota Wealth Management bought a new stake in shares of Semrush during the 4th quarter worth $199,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after buying an additional 3,706 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors.

Semrush Stock Performance

SEMR stock opened at $17.98 on Friday. The stock’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $13.93. The company has a market cap of $2.64 billion, a P/E ratio of 224.00 and a beta of 1.69. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $18.24.

Semrush (NASDAQ:SEMR) 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 business had revenue of $97.41 million for the quarter, compared to the consensus estimate of $96.49 million. During the same quarter last year, the firm posted $0.03 EPS. Equities analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SEMR shares. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two research analysts have 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Insider Buying and Selling

In other news, Director Dmitry Melnikov sold 44,592 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total value of $568,993.92. Following the completion of the sale, the director now owns 8,978,501 shares in the company, valued at $114,565,672.76. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the business’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 transaction, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,090 shares of company stock worth $4,736,123 in the last quarter. Insiders own 57.83% of the company’s stock.

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.