Lazard Asset Management LLC Grows Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Lazard Asset Management LLC raised its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 291.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,872 shares of the company’s stock after purchasing an additional 86,302 shares during the period. Lazard Asset Management LLC’s holdings in Semrush were worth $1,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Semrush by 3.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after purchasing an additional 830 shares in the last quarter. Magnetar Financial LLC increased its position in Semrush by 6.3% during the 4th quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after purchasing an additional 933 shares in the last quarter. MetLife Investment Management LLC grew its position in Semrush by 11.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock valued at $274,000 after acquiring an additional 2,421 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Semrush by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,242 shares of the company’s stock valued at $170,000 after acquiring an additional 2,471 shares in the last quarter. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEMR has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. KeyCorp lowered their price objective on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Finally, Jefferies Financial Group increased 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. One research analyst has 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, the stock presently has a consensus rating of “Buy” and an average price target of $16.43.

Semrush Trading Down 0.6%

SEMR stock opened at $10.78 on Monday. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The company has a market capitalization of $1.59 billion, a P/E ratio of 134.82 and a beta of 1.79. The firm has a 50 day simple moving average of $9.70 and a 200-day simple moving average of $12.58.

Insider Transactions at Semrush

In other Semrush news, COO Vitalii Obishchenko sold 36,777 shares of Semrush stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $411,534.63. Following the completion of the transaction, the chief operating officer now owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Oleg Shchegolev sold 32,932 shares of Semrush stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $368,509.08. Following the completion of the transaction, the chief executive officer now directly owns 7,268,282 shares of the company’s stock, valued at approximately $81,332,075.58. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,750 shares of company stock valued at $1,801,402. 57.83% of the stock is currently owned by corporate insiders.

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.