GSA Capital Partners LLP acquired a new position in Semrush Holdings, Inc. (NASDAQ:SEMR – Get Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,985 shares of the company's stock, valued at approximately $454,000.

A number of other institutional investors have also made changes to their positions in the business. Wealthsource Partners LLC increased its stake in shares of Semrush by 22.3% in the first quarter. Wealthsource Partners LLC now owns 13,510 shares of the company's stock worth $161,000 after purchasing an additional 2,460 shares during the period. Sandy Cove Advisors LLC bought a new position in shares of Semrush in the first quarter worth about $119,000. Stanley Laman Group Ltd. bought a new position in shares of Semrush in the first quarter worth about $5,416,000. KB Financial Partners LLC increased its stake in shares of Semrush by 72.5% in the fourth quarter. KB Financial Partners LLC now owns 27,927 shares of the company's stock worth $582,000 after purchasing an additional 11,734 shares during the period. Finally, Select Equity Group L.P. increased its stake in shares of Semrush by 164.0% in the fourth quarter. Select Equity Group L.P. now owns 82,130 shares of the company's stock worth $1,712,000 after purchasing an additional 51,018 shares during the period. 15.10% of the stock is currently owned by institutional investors.

Semrush Stock Up 1.4 %

NASDAQ SEMR opened at $13.42 on Friday. The stock's 50 day moving average is $12.81 and its two-hundred day moving average is $12.10. Semrush Holdings, Inc. has a 1-year low of $7.41 and a 1-year high of $32.48.

Insider Transactions at Semrush

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEMR shares. Piper Sandler lifted their target price on Semrush from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th. Jefferies Financial Group decreased their target price on Semrush from $15.00 to $10.00 in a research report on Thursday, May 12th. Finally, Morgan Stanley lifted their target price on Semrush from $13.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.67.

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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