Semrush (NASDAQ:SEMR) Price Target Raised to $17.00

Semrush (NASDAQ:SEMR) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $16.00 to $17.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 19.72% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. KeyCorp increased their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Semrush presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Semrush Trading Down 0.1 %

Shares of NASDAQ:SEMR opened at $14.20 on Wednesday. The company has a market cap of $2.06 billion, a PE ratio of 157.78 and a beta of 1.58. The company’s 50 day moving average is $14.04 and its two-hundred day moving average is $13.83. Semrush has a 52 week low of $7.36 and a 52 week high of $16.42.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Semrush had a return on equity of 6.61% and a net margin of 4.39%. The company had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. As a group, equities research analysts expect that Semrush will post 0.08 EPS for the current year.

Insider Activity at Semrush

In related news, CFO Brian Mulroy sold 4,207 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $13.67, for a total value of $57,509.69. Following the sale, the chief financial officer now owns 437,418 shares in the company, valued at approximately $5,979,504.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $13.67, for a total value of $57,509.69. Following the sale, the chief financial officer now directly owns 437,418 shares in the company, valued at approximately $5,979,504.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dmitry Melnikov sold 8,666 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $14.00, for a total transaction of $121,324.00. Following the transaction, the director now owns 9,372,430 shares of the company’s stock, valued at $131,214,020. The disclosure for this sale can be found here. Insiders sold 151,191 shares of company stock worth $2,132,420 over the last 90 days. Company insiders own 57.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Semrush during the 2nd quarter valued at $123,000. Summit Global Investments acquired a new stake in shares of Semrush during the second quarter valued at $156,000. Versor Investments LP purchased a new stake in Semrush during the 2nd quarter worth about $174,000. The Manufacturers Life Insurance Company raised its stake in Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Semrush in the 2nd quarter valued at about $258,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.