Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Average Recommendation of “Buy” from Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.43.

Several equities analysts have commented on the company. The Goldman Sachs Group lowered their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. KeyCorp cut their target price on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group lifted their price objective on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th.

Semrush Stock Performance

SEMR opened at $10.69 on Tuesday. The company has a market cap of $1.57 billion, a PE ratio of 133.64 and a beta of 1.79. The stock has a 50-day moving average of $9.72 and a 200-day moving average of $12.56. Semrush has a 52-week low of $7.90 and a 52-week high of $18.74.

Insider Activity at Semrush

In related news, COO Vitalii Obishchenko sold 36,777 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total value of $411,534.63. Following the completion of the transaction, the chief operating officer now directly owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Eugenie Levin sold 11,662 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.15, for a total transaction of $130,031.30. Following the completion of the transaction, the president now owns 686,268 shares of the company’s stock, valued at approximately $7,651,888.20. This represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,750 shares of company stock worth $1,801,402 over the last three months. Company insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new stake in shares of Semrush in the 1st quarter valued at approximately $42,000. US Bancorp DE lifted its holdings in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after acquiring an additional 3,446 shares during the period. Amundi lifted its holdings in shares of Semrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after acquiring an additional 1,108 shares during the period. Quarry LP boosted its stake in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush during the 4th quarter worth about $71,000. 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.