Brokerages Set Semrush Holdings, Inc. (NASDAQ:SEMR) Target Price at $17.13

Semrush Holdings, Inc. (NASDAQ:SEMR) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.13.

Several equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday. Northland Capmk upgraded Semrush to a “strong-buy” rating in a report on Tuesday. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th.

Semrush Trading Up 3.5 %

Shares of SEMR stock opened at $15.67 on Wednesday. Semrush has a twelve month low of $9.64 and a twelve month high of $16.42. The company’s 50-day moving average price is $13.17 and its 200-day moving average price is $13.59. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 195.95 and a beta of 1.62.

Insider Activity

In other Semrush news, Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the sale, the director now directly owns 8,978,501 shares in the company, valued at $114,565,672.76. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Mulroy sold 3,015 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the transaction, the chief financial officer now directly owns 430,196 shares of the company’s stock, valued at $5,334,430.40. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 263,711 shares of company stock valued at $3,332,605. 57.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Semrush

Several hedge funds have recently modified their holdings of SEMR. Point72 Asset Management L.P. acquired a new position in Semrush during the 2nd quarter worth $123,000. DRW Securities LLC acquired a new stake in Semrush in the 3rd quarter valued at about $157,000. Virtu Financial LLC purchased a new position in shares of Semrush in the 3rd quarter valued at about $158,000. Olympiad Research LP acquired a new position in shares of Semrush during the third quarter worth about $159,000. Finally, Quest Partners LLC increased its stake in shares of Semrush by 398.0% during the third quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after buying an additional 11,851 shares during the period. 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.