Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $13.50 Consensus Target Price from Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.50.

A number of equities analysts have weighed in on SEMR shares. Jefferies Financial Group raised shares of Semrush from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $15.00 in a research report on Wednesday, February 7th. The Goldman Sachs Group raised their price target on shares of Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. KeyCorp assumed coverage on shares of Semrush in a research report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Semrush in a research note on Tuesday, March 5th. Finally, Piper Sandler decreased their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th.

Semrush Stock Performance

SEMR stock opened at $11.84 on Monday. Semrush has a 1 year low of $7.21 and a 1 year high of $14.09. The stock’s 50 day moving average price is $12.29 and its 200 day moving average price is $11.19. The firm has a market cap of $1.71 billion, a P/E ratio of 1,184.00 and a beta of 1.56.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Monday, March 4th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $83.39 million during 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 will post 0.12 earnings per share for the current year.

Insider Activity

In other news, CFO Brian Mulroy sold 89,079 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the transaction, the chief financial officer now owns 441,625 shares in the company, valued at approximately $5,692,546.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Oleg Shchegolev sold 19,225 shares of Semrush stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.21, for a total value of $253,962.25. Following the transaction, the chief executive officer now owns 4,397,238 shares in the company, valued at approximately $58,087,513.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian Mulroy sold 89,079 shares of Semrush stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the completion of the transaction, the chief financial officer now owns 441,625 shares in the company, valued at approximately $5,692,546.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,024 shares of company stock worth $1,935,361. 60.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in shares of Semrush during the 4th quarter worth about $289,000. Vanguard Group Inc. boosted its position in Semrush by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 4,118,351 shares of the company’s stock valued at $56,257,000 after buying an additional 96,789 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Semrush during the fourth quarter worth approximately $1,094,000. Goldman Sachs Group Inc. lifted its position in shares of Semrush by 42.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 108,895 shares of the company’s stock worth $1,488,000 after purchasing an additional 32,339 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Semrush by 123.5% during the fourth quarter. Barclays PLC now owns 124,589 shares of the company’s stock worth $1,702,000 after purchasing an additional 68,833 shares in the last quarter. Institutional investors own 32.86% 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.