Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $18.14 Average Price Target from Brokerages

Semrush Holdings, Inc. (NASDAQ:SEMR) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.14.

A number of analysts have recently commented on SEMR shares. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group cut their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Jefferies Financial Group raised their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley upgraded 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. Finally, Northland Securities assumed coverage on Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock.

Semrush Stock Performance

Shares of NASDAQ SEMR opened at $9.44 on Monday. The firm has a fifty day moving average of $13.62 and a 200 day moving average of $13.60. The firm has a market cap of $1.39 billion, a PE ratio of 118.01 and a beta of 1.77. Semrush has a one year low of $9.07 and a one year high of $18.74.

Insider Buying and Selling

In related news, General Counsel David W. Mason sold 1,875 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Oleg Shchegolev sold 6,859 shares of Semrush stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $80,318.89. Following the transaction, the chief executive officer now directly owns 7,301,214 shares in the company, valued at $85,497,215.94. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,138 shares of company stock worth $3,257,549. 57.83% of the stock is owned by corporate insiders.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC acquired a new position in Semrush in the fourth quarter valued at approximately $9,267,000. Millennium Management LLC lifted its stake in shares of Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after purchasing an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Semrush in the 4th quarter valued at $6,869,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock worth $11,696,000 after purchasing an additional 541,899 shares during the period. Finally, FMR LLC increased its position in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Institutional investors and hedge funds 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.