The Manufacturers Life Insurance Company Has $238,000 Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

The Manufacturers Life Insurance Company lessened its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 8.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 20,000 shares of the company’s stock after selling 1,845 shares during the period. The Manufacturers Life Insurance Company’s holdings in Semrush were worth $238,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Semrush during the fourth quarter valued at approximately $6,869,000. Y Intercept Hong Kong Ltd boosted its position in shares of Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock valued at $1,226,000 after buying an additional 64,514 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Semrush by 329.4% during the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock valued at $666,000 after buying an additional 43,027 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Semrush by 10.6% during the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock valued at $380,000 after buying an additional 3,059 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Semrush during the fourth quarter valued at approximately $608,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Trading Down 0.6%

Shares of Semrush stock opened at $10.78 on Monday. The business’s fifty day simple moving average is $9.70 and its 200 day simple moving average is $12.58. The firm has a market capitalization of $1.59 billion, a P/E ratio of 134.82 and a beta of 1.79. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74.

Analysts Set New Price Targets

SEMR has been the topic of several analyst reports. KeyCorp cut their target price on Semrush from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Jefferies Financial Group lifted 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. Finally, Morgan Stanley dropped their price target on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.43.

Insider Activity

In other Semrush news, CMO Andrew Warden sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $10.81, for a total transaction of $79,388.64. Following the completion of the transaction, the chief marketing officer now owns 393,655 shares in the company, valued at $4,255,410.55. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Oleg Shchegolev sold 32,932 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $368,509.08. Following the transaction, the chief executive officer now owns 7,268,282 shares of the company’s stock, valued at $81,332,075.58. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,750 shares of company stock valued at $1,801,402 in the last 90 days. 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.