Ingalls & Snyder LLC Takes $511,000 Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Ingalls & Snyder LLC bought a new stake in Semrush Holdings, Inc. (NASDAQ:SEMRGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,506 shares of the company’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Semrush during the 3rd quarter valued at approximately $57,000. Lazard Asset Management LLC purchased a new stake in Semrush during the 4th quarter valued at approximately $66,000. Advisor Group Holdings Inc. raised its stake in Semrush by 48.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,577 shares of the company’s stock valued at $138,000 after acquiring an additional 2,149 shares during the last quarter. Morgan Stanley purchased a new stake in Semrush during the 2nd quarter valued at approximately $267,000. Finally, KB Financial Partners LLC increased its position in Semrush by 3.4% during the 3rd quarter. KB Financial Partners LLC now owns 16,193 shares of the company’s stock worth $373,000 after purchasing an additional 525 shares during the period. 15.10% of the stock is owned by hedge funds and other institutional investors.

In other Semrush news, CRO Delbert M. Humenik sold 4,034 shares of the stock in a transaction on Friday, April 1st. The stock was sold at an average price of $11.18, for a total transaction of $45,100.12. Following the sale, the executive now owns 93,081 shares in the company, valued at approximately $1,040,645.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. 61.90% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Semrush from $15.00 to $10.00 in a research report on Thursday, May 12th. Stifel Nicolaus dropped their target price on Semrush from $25.00 to $20.00 in a research report on Tuesday, March 1st. Piper Sandler dropped their target price on Semrush from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 2nd. Finally, KeyCorp lowered their price target on Semrush from $18.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Semrush presently has an average rating of “Buy” and an average target price of $18.67.

SEMR opened at $9.60 on Thursday. The stock has a market cap of $1.35 billion, a P/E ratio of -192.00 and a beta of 2.53. The stock’s 50 day simple moving average is $10.68 and its 200 day simple moving average is $16.00. Semrush Holdings, Inc. has a 1-year low of $7.41 and a 1-year high of $32.48.

Semrush (NASDAQ:SEMRGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Semrush had a negative return on equity of 4.19% and a negative net margin of 3.57%. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, equities analysts expect that Semrush Holdings, Inc. will post -0.23 earnings per share for the current fiscal year.

Semrush Company Profile (Get Rating)

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.

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Institutional Ownership by Quarter for Semrush (NASDAQ:SEMR)

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