First Trust Advisors LP Takes Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

First Trust Advisors LP acquired a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 312,688 shares of the company’s stock, valued at approximately $3,715,000. First Trust Advisors LP owned 0.21% of Semrush at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. US Bancorp DE increased its position in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after acquiring an additional 3,446 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Semrush in the fourth quarter valued at $71,000. Polymer Capital Management US LLC bought a new position in Semrush during the 4th quarter worth $121,000. Arizona State Retirement System acquired a new position in Semrush during the 4th quarter worth about $128,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Semrush in the 4th quarter valued at about $135,000. Institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling at Semrush

In other Semrush news, General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Eugenie Levin sold 15,093 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.11, for a total transaction of $258,241.23. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 175,374 shares of company stock valued at $2,012,411. Company insiders own 57.83% of the company’s stock.

Semrush Price Performance

Shares of SEMR opened at $10.39 on Friday. The stock has a 50-day moving average of $9.81 and a 200-day moving average of $12.77. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74. The company has a market cap of $1.53 billion, a PE ratio of 129.92 and a beta of 1.80.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SEMR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Morgan Stanley reduced their price objective on shares of 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 target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Northland Securities started coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Semrush presently has a consensus rating of “Buy” and a consensus target price of $17.14.

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.