Los Angeles Capital Management LLC Purchases Shares of 19,235 Semrush Holdings, Inc. (NASDAQ:SEMR)

Los Angeles Capital Management LLC purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,235 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Semrush by 20.9% in the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after buying an additional 1,563 shares in the last quarter. Summit Global Investments bought a new stake in shares of Semrush in the second quarter worth $156,000. Versor Investments LP bought a new stake in shares of Semrush in the second quarter worth $174,000. Quadrature Capital Ltd bought a new stake in shares of Semrush in the fourth quarter worth $289,000. Finally, Trexquant Investment LP bought a new stake in shares of Semrush in the fourth quarter worth $351,000. Institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $13.35, for a total transaction of $100,125.00. Following the transaction, the director now directly owns 121,231 shares in the company, valued at $1,618,433.85. The sale was disclosed in a filing with the SEC, which is available through this link. In other Semrush news, Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $13.35, for a total value of $100,125.00. Following the transaction, the director now directly owns 121,231 shares in the company, valued at $1,618,433.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Eugenie Levin sold 3,757 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $13.64, for a total transaction of $51,245.48. Following the completion of the transaction, the president now owns 445,680 shares in the company, valued at $6,079,075.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,049 shares of company stock worth $1,507,419. Insiders own 57.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SEMR. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, August 7th. KeyCorp boosted their price objective on shares of Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Semrush Trading Up 0.7 %

Shares of SEMR opened at $13.58 on Monday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 150.89 and a beta of 1.57. Semrush Holdings, Inc. has a 1-year low of $7.36 and a 1-year high of $16.42. The company’s fifty day simple moving average is $13.76 and its 200 day simple moving average is $13.53.

Semrush (NASDAQ:SEMR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. As a group, research analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Semrush Profile

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.