Morgan Stanley Lowers Semrush (NASDAQ:SEMR) Price Target to $13.00

Semrush (NASDAQ:SEMR) had its target price dropped by Morgan Stanley from $19.00 to $13.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 44.78% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group lifted their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. The Goldman Sachs Group lowered their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $17.14.

Semrush Stock Up 1.0 %

NASDAQ SEMR opened at $8.98 on Wednesday. The business’s 50-day moving average price is $11.39 and its 200 day moving average price is $13.06. The firm has a market cap of $1.32 billion, a P/E ratio of 112.25 and a beta of 1.80. Semrush has a 52-week low of $7.90 and a 52-week high of $18.74.

Insider Transactions at Semrush

In related news, CMO Andrew Warden sold 17,118 shares of Semrush stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $191,721.60. Following the completion of the transaction, the chief marketing officer now directly owns 404,992 shares of the company’s stock, valued at approximately $4,535,910.40. The trade was a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Eugenie Levin sold 28,800 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $16.29, for a total value of $469,152.00. Following the completion of the sale, the president now directly owns 508,549 shares in the company, valued at $8,284,263.21. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 199,174 shares of company stock valued at $2,431,563 in the last quarter. 57.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SEMR. Wealth Enhancement Advisory Services LLC acquired a new position in Semrush in the 1st quarter valued at $214,000. Rhumbline Advisers boosted its position in Semrush by 4.9% during the 1st quarter. Rhumbline Advisers now owns 49,889 shares of the company’s stock worth $465,000 after purchasing an additional 2,314 shares during the period. California State Teachers Retirement System grew its stake in shares of Semrush by 18.4% in the fourth quarter. California State Teachers Retirement System now owns 34,587 shares of the company’s stock valued at $411,000 after buying an additional 5,380 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Semrush in the fourth quarter valued at approximately $308,000. Finally, PharVision Advisers LLC purchased a new stake in Semrush during the 4th quarter worth $213,000. 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.