Zurcher Kantonalbank Zurich Cantonalbank Sells 1,726 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 16.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,744 shares of the company’s stock after selling 1,726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Semrush were worth $119,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wealthsource Partners LLC increased its stake in shares of Semrush by 1.6% during the third quarter. Wealthsource Partners LLC now owns 76,772 shares of the company’s stock worth $653,000 after purchasing an additional 1,182 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Semrush by 33.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after buying an additional 1,378 shares in the last quarter. Barclays PLC boosted its position in shares of Semrush by 7.5% in the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock valued at $474,000 after acquiring an additional 3,914 shares during the period. Hsbc Holdings PLC grew 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 acquiring an additional 7,947 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Semrush during the fourth quarter worth about $226,000. 32.86% of the stock is owned by institutional investors.

Semrush Price Performance

SEMR stock opened at $15.30 on Friday. Semrush Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $15.48. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 1,531.53 and a beta of 1.57. The company has a 50 day simple moving average of $12.41 and a 200 day simple moving average of $11.67.

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

Insider Activity at Semrush

In other Semrush news, CEO Oleg Shchegolev sold 19,225 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.21, for a total transaction of $253,962.25. Following the sale, the chief executive officer now directly owns 4,397,238 shares of the company’s stock, valued at approximately $58,087,513.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Brian Mulroy sold 89,079 shares of Semrush stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total value of $1,148,228.31. Following the transaction, the chief financial officer now directly owns 441,625 shares of the company’s stock, valued at $5,692,546.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Oleg Shchegolev sold 19,225 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.21, for a total transaction of $253,962.25. Following the sale, the chief executive officer now directly owns 4,397,238 shares of the company’s stock, valued at approximately $58,087,513.98. The disclosure for this sale can be found here. Insiders sold a total of 148,697 shares of company stock worth $1,933,767 in the last quarter. 57.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Semrush from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th. The Goldman Sachs Group boosted their price target on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Piper Sandler decreased their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. KeyCorp assumed coverage on shares of Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target for the company. Finally, Needham & Company LLC boosted their price objective on shares of Semrush from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Semrush currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.