Inceptionr LLC Takes Position in Semrush Holdings, Inc. $SEMR

Inceptionr LLC purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 31,721 shares of the company’s stock, valued at approximately $287,000.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Semrush by 19.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 61,218 shares of the company’s stock valued at $571,000 after acquiring an additional 10,002 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Semrush in the first quarter worth $110,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Semrush in the first quarter valued at about $827,000. Mackenzie Financial Corp lifted its position in Semrush by 74.6% during the first quarter. Mackenzie Financial Corp now owns 45,199 shares of the company’s stock worth $422,000 after purchasing an additional 19,312 shares during the period. Finally, XTX Topco Ltd bought a new stake in Semrush during the first quarter worth about $245,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SEMR. Morgan Stanley set a $9.00 target price on shares of Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price objective (up from $10.00) on shares of Semrush in a research note on Thursday, November 20th. KeyCorp restated a “sector weight” rating on shares of Semrush in a research note on Wednesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Semrush in a research note on Wednesday, November 19th. Finally, The Goldman Sachs Group lowered their price target on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Semrush Price Performance

Shares of Semrush stock opened at $11.80 on Friday. The company’s 50 day moving average price is $8.05 and its two-hundred day moving average price is $8.53. The firm has a market capitalization of $1.76 billion, a P/E ratio of 147.51 and a beta of 1.60. Semrush Holdings, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $18.74.

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.