85,460 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC acquired a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 85,460 shares of the company’s stock, valued at approximately $1,167,000. Mutual of America Capital Management LLC owned 0.06% of Semrush as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of SEMR. Barclays PLC increased its stake in shares of Semrush by 7.5% during the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock worth $474,000 after acquiring an additional 3,914 shares during the period. Pathstone Family Office LLC purchased a new position in shares of Semrush during the 3rd quarter worth approximately $273,000. Wealthsource Partners LLC lifted its holdings in shares of Semrush by 1.6% in the 3rd quarter. Wealthsource Partners LLC now owns 76,772 shares of the company’s stock valued at $653,000 after buying an additional 1,182 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Semrush by 61.0% in the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after buying an additional 7,947 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Semrush during the third quarter worth $415,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Stock Performance

SEMR stock opened at $11.89 on Tuesday. The stock’s 50 day moving average price is $12.25 and its 200 day moving average price is $11.29. The firm has a market cap of $1.72 billion, a P/E ratio of 1,190.19 and a beta of 1.56. Semrush Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $14.09.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings data on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $83.39 million for the quarter, compared to the consensus estimate of $83.19 million. Semrush had a return on equity of 0.46% and a net margin of 0.31%. On average, research analysts predict that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and raised their target price for the company from $9.00 to $15.00 in a report on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Semrush in a report on Tuesday, March 5th. Piper Sandler decreased their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. KeyCorp began coverage on Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.50.

Insiders Place Their Bets

In related news, COO Vitalii Obishchenko sold 15,114 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.20, for a total transaction of $199,504.80. Following the transaction, the chief operating officer now owns 908,663 shares of the company’s stock, valued at $11,994,351.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Vitalii Obishchenko sold 15,114 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $13.20, for a total value of $199,504.80. Following the completion of the transaction, the chief operating officer now directly owns 908,663 shares in the company, valued at $11,994,351.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew Warden sold 9,355 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.15, for a total value of $123,018.25. Following the completion of the sale, the chief marketing officer now directly owns 265,471 shares in the company, valued at $3,490,943.65. The disclosure for this sale can be found here. Insiders have sold 149,024 shares of company stock valued at $1,935,361 in the last ninety days. Insiders own 60.76% of the company’s stock.

About Semrush

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.