OneDigital Investment Advisors LLC Reduces Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

OneDigital Investment Advisors LLC cut its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,587 shares of the company’s stock after selling 2,058 shares during the quarter. OneDigital Investment Advisors LLC owned approximately 0.14% of Semrush worth $3,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEMR. Renaissance Technologies LLC purchased a new stake in Semrush during the 2nd quarter worth approximately $3,732,000. Federated Hermes Inc. increased its holdings in Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after purchasing an additional 236,010 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Semrush during the 2nd quarter worth approximately $3,006,000. Dimensional Fund Advisors LP increased its holdings in shares of Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after acquiring an additional 218,488 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Semrush in the 1st quarter valued at approximately $2,705,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Semrush Price Performance

Shares of SEMR opened at $13.37 on Friday. The company has a market cap of $1.96 billion, a P/E ratio of 167.15 and a beta of 1.62. The stock has a fifty day moving average price of $13.82 and a 200 day moving average price of $14.02. Semrush Holdings, Inc. has a 12 month low of $9.12 and a 12 month high of $16.42.

Insider Buying and Selling

In other Semrush news, CEO Oleg Shchegolev sold 8,964 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.14, for a total transaction of $126,750.96. Following the completion of the transaction, the chief executive officer now owns 4,378,823 shares in the company, valued at approximately $61,916,557.22. The trade was a 0.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total value of $116,325.00. Following the transaction, the director now owns 113,731 shares of the company’s stock, valued at $1,763,967.81. This trade represents a 6.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,123 shares of company stock worth $2,320,088 in the last three months. 57.83% of the stock is owned by insiders.

Analyst Ratings Changes

SEMR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

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.