The Goldman Sachs Group Has Lowered Expectations for Semrush (NASDAQ:SEMR) Stock Price

Semrush (NASDAQ:SEMR) had its price target cut by research analysts at The Goldman Sachs Group from $14.00 to $12.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 25.20% from the company’s current price.

Other research analysts have also issued reports about the stock. Northland Securities assumed coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One investment 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. According to MarketBeat.com, Semrush presently has a consensus rating of “Buy” and a consensus price target of $18.14.

Semrush Stock Down 2.7 %

Shares of SEMR stock opened at $9.59 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 119.83 and a beta of 1.77. The business’s fifty day moving average is $14.01 and its 200 day moving average is $13.68. Semrush has a twelve month low of $9.21 and a twelve month high of $18.74.

Insiders Place Their Bets

In other Semrush news, insider David W. Mason sold 9,127 shares of Semrush stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the completion of the sale, the insider now owns 272,924 shares of the company’s stock, valued at approximately $3,040,373.36. The trade was a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Andrew Warden sold 17,118 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total value of $191,721.60. Following the transaction, the chief marketing officer now directly owns 404,992 shares in the company, valued at $4,535,910.40. The trade was a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 266,702 shares of company stock valued at $3,441,515. Corporate insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several large investors have recently modified their holdings of the company. Comerica Bank boosted its position in Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after buying an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after buying an additional 912 shares during the period. Magnetar Financial LLC raised its position in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after acquiring an additional 933 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Semrush by 11.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock worth $274,000 after acquiring an additional 2,421 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

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.