Symmetry Investments LP Invests $537,000 in Semrush Holdings, Inc. (NASDAQ:SEMR)

Symmetry Investments LP acquired a new position in Semrush Holdings, Inc. (NASDAQ:SEMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,200 shares of the company’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Semrush by 1.4% in the third quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after purchasing an additional 13,374 shares in the last quarter. Barclays PLC lifted its position in shares of Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after acquiring an additional 54,830 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after acquiring an additional 36,173 shares during the period. Virtu Financial LLC bought a new stake in shares of Semrush during the 3rd quarter valued at $158,000. Finally, Principal Financial Group Inc. purchased a new stake in Semrush during the 3rd quarter worth about $454,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Stock Up 3.2 %

Shares of NASDAQ:SEMR opened at $9.27 on Wednesday. The firm has a fifty day simple moving average of $10.87 and a two-hundred day simple moving average of $12.94. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74. The stock has a market capitalization of $1.36 billion, a P/E ratio of 115.89 and a beta of 1.80.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley reduced their price objective on shares of Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Jefferies Financial Group boosted their price target on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Semrush presently has an average rating of “Buy” and a consensus target price of $17.14.

Insider Activity

In other news, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now owns 158,415 shares of the company’s stock, valued at $2,716,817.25. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Vitalii Obishchenko sold 36,777 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total value of $411,534.63. Following the transaction, the chief operating officer now directly owns 1,020,063 shares in the company, valued at $11,414,504.97. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 170,374 shares of company stock valued at $1,962,411. Corporate insiders own 57.83% of the company’s stock.

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.