Semrush Holdings, Inc. (NASDAQ:SEMR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.57.

Several research firms recently commented on SEMR. The Goldman Sachs Group raised their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd.

Insider Activity

In other Semrush news, President Eugenie Levin sold 3,788 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the sale, the president now owns 601,892 shares in the company, valued at $8,498,715.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Vitalii Obishchenko sold 55,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total transaction of $738,650.00. Following the completion of the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at $11,401,035.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Eugenie Levin sold 3,788 shares of Semrush stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the transaction, the president now directly owns 601,892 shares in the company, valued at $8,498,715.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,200 shares of company stock worth $2,420,533. Corporate insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently made changes to their positions in SEMR. The Manufacturers Life Insurance Company boosted 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 worth $225,000 after purchasing an additional 3,706 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Semrush in the second quarter worth $123,000. Olympiad Research LP acquired a new stake in shares of Semrush during the third quarter worth $159,000. Algert Global LLC grew its holdings in shares of Semrush by 13.8% during the second quarter. Algert Global LLC now owns 84,931 shares of the company’s stock valued at $1,137,000 after buying an additional 10,282 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Semrush by 5.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock valued at $2,896,000 after acquiring an additional 10,455 shares during the period. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Trading Down 1.4 %

Shares of NASDAQ:SEMR opened at $13.11 on Friday. Semrush has a 12 month low of $7.36 and a 12 month high of $16.42. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 131.10 and a beta of 1.58. The firm’s 50-day moving average is $13.82 and its 200 day moving average is $13.90.

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

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.