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

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.50.

Several brokerages have commented on SEMR. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. KeyCorp upped their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd.

Insider Activity

In other Semrush news, Director Dmitry Melnikov sold 64,140 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total transaction of $935,802.60. Following the completion of the sale, the director now directly owns 9,227,898 shares of the company’s stock, valued at approximately $134,635,031.82. This represents a 0.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Vitalii Obishchenko sold 55,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $11,401,035.89. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,112 shares of company stock worth $2,179,734. 57.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Semrush

A number of hedge funds and other institutional investors have recently bought and sold shares of SEMR. Point72 Asset Management L.P. acquired a new position in shares of Semrush during the second quarter worth $123,000. Summit Global Investments acquired a new position in Semrush during the 2nd quarter valued at about $156,000. DRW Securities LLC purchased a new stake in Semrush in the third quarter valued at about $157,000. Virtu Financial LLC purchased a new stake in Semrush in the third quarter valued at about $158,000. Finally, Olympiad Research LP acquired a new stake in Semrush in the third quarter worth about $159,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Stock Up 1.3 %

NASDAQ SEMR opened at $13.60 on Tuesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 170.02 and a beta of 1.62. The company has a 50-day moving average price of $13.80 and a 200-day moving average price of $14.02. Semrush has a 52 week low of $9.64 and a 52 week high of $16.42.

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.