Raymond James Financial Services Advisors Inc. Makes New Investment in Semrush Holdings, Inc. (NASDAQ:SEMR)

Raymond James Financial Services Advisors Inc. bought a new position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,560 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors have also modified their holdings of the business. Wealthsource Partners LLC lifted its holdings in shares of Semrush by 1.6% during the 3rd quarter. Wealthsource Partners LLC now owns 76,772 shares of the company’s stock valued at $653,000 after purchasing an additional 1,182 shares in the last quarter. Barclays PLC lifted its holdings in shares of Semrush by 7.5% during the 3rd quarter. Barclays PLC now owns 55,756 shares of the company’s stock valued at $474,000 after purchasing an additional 3,914 shares in the last quarter. Algert Global LLC bought a new position in shares of Semrush during the 3rd quarter valued at about $415,000. Pathstone Family Office LLC bought a new position in shares of Semrush during the 3rd quarter valued at about $273,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Semrush by 61.0% during the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after purchasing an additional 7,947 shares in the last quarter. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SEMR shares. Jefferies Financial Group upgraded Semrush from a “hold” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $15.00 in a report on Wednesday, February 7th. Piper Sandler cut their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Semrush in a research note on Tuesday, March 5th. KeyCorp assumed coverage on Semrush in a research note on Thursday, March 21st. They issued an “overweight” rating and a $17.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Semrush presently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Insider Buying and Selling

In related news, CEO Oleg Shchegolev sold 19,225 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total transaction of $253,962.25. Following the transaction, the chief executive officer now directly owns 4,397,238 shares of the company’s stock, valued at approximately $58,087,513.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Oleg Shchegolev sold 19,225 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.21, for a total value of $253,962.25. Following the completion of the sale, the chief executive officer now directly owns 4,397,238 shares in the company, valued at approximately $58,087,513.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Mulroy sold 89,079 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $12.89, for a total value of $1,148,228.31. Following the completion of the sale, the chief financial officer now owns 441,625 shares of the company’s stock, valued at $5,692,546.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,024 shares of company stock valued at $1,935,361. 60.76% of the stock is owned by insiders.

Semrush Stock Up 0.3 %

NASDAQ:SEMR opened at $12.29 on Thursday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 1,230.23 and a beta of 1.56. Semrush Holdings, Inc. has a twelve month low of $7.21 and a twelve month high of $14.09. The stock’s 50 day moving average price is $12.27 and its two-hundred day moving average price is $11.32.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. Semrush had a return on equity of 0.46% and a net margin of 0.31%. As a group, analysts anticipate that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

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.