XTX Topco Ltd Buys New Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

XTX Topco Ltd purchased a new position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) in the second quarter, Holdings Channel.com reports. The firm purchased 25,717 shares of the company’s stock, valued at approximately $344,000.

Other hedge funds have also made changes to their positions in the company. Summit Global Investments purchased a new position in Semrush in the second quarter valued at approximately $156,000. Versor Investments LP acquired a new stake in Semrush during the 2nd quarter worth $174,000. Los Angeles Capital Management LLC purchased a new stake in Semrush in the second quarter valued at $258,000. Quadrature Capital Ltd purchased a new position in shares of Semrush during the fourth quarter worth about $289,000. Finally, Trexquant Investment LP acquired a new stake in shares of Semrush during the fourth quarter worth about $351,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Stock Performance

Shares of SEMR opened at $15.13 on Friday. Semrush Holdings, Inc. has a 1 year low of $7.36 and a 1 year high of $16.42. The stock has a market capitalization of $2.22 billion, a P/E ratio of 168.11 and a beta of 1.57. The company’s fifty day moving average is $13.97 and its two-hundred day moving average is $13.70.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Semrush had a return on equity of 6.61% and a net margin of 4.39%. The firm had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. Sell-side analysts predict that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SEMR. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Wednesday, August 7th. KeyCorp lifted their target price on shares of Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Three investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Insider Activity at Semrush

In other Semrush news, COO Vitalii Obishchenko sold 4,740 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $13.63, for a total value of $64,606.20. Following the completion of the transaction, the chief operating officer now owns 903,923 shares in the company, valued at $12,320,470.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Semrush news, COO Vitalii Obishchenko sold 4,740 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $13.63, for a total value of $64,606.20. Following the completion of the transaction, the chief operating officer now directly owns 903,923 shares of the company’s stock, valued at $12,320,470.49. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dmitry Melnikov sold 64,140 shares of Semrush stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total transaction of $935,802.60. Following the sale, the director now owns 9,227,898 shares of the company’s stock, valued at $134,635,031.82. The disclosure for this sale can be found here. Insiders have sold a total of 175,189 shares of company stock worth $2,443,222 over the last three months. 57.83% of the stock is currently owned by corporate insiders.

Semrush Company 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.