Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $14.00.

SEMR has been the topic of a number of analyst reports. KeyCorp started coverage on Semrush in a research report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Thursday, May 16th. Finally, Piper Sandler cut their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th.

Semrush Trading Up 2.8 %

Shares of SEMR opened at $13.39 on Friday. The company’s 50-day moving average price is $14.24 and its 200 day moving average price is $12.99. Semrush has a 12-month low of $7.36 and a 12-month high of $16.42. The firm has a market cap of $1.95 billion, a P/E ratio of 148.78 and a beta of 1.64.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Semrush had a return on equity of 6.05% and a net margin of 4.01%. The company had revenue of $85.81 million for the quarter, compared to analysts’ expectations of $85.10 million. Equities research analysts forecast that Semrush will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Anna Baird sold 10,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $15.41, for a total value of $154,100.00. Following the completion of the transaction, the director now owns 34,534 shares in the company, valued at approximately $532,168.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Eugenie Levin sold 12,930 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.19, for a total transaction of $170,546.70. Following the completion of the transaction, the president now directly owns 449,437 shares of the company’s stock, valued at approximately $5,928,074.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anna Baird sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $15.41, for a total value of $154,100.00. Following the transaction, the director now directly owns 34,534 shares of the company’s stock, valued at approximately $532,168.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 444,833 shares of company stock worth $6,421,873. Company insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

A number of hedge funds and other institutional investors have recently modified their holdings of SEMR. Harbor Capital Advisors Inc. boosted its stake in Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after buying an additional 1,378 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Semrush by 20.9% in the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after acquiring an additional 1,563 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Semrush by 61.0% in the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after purchasing an additional 7,947 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Semrush during the fourth quarter worth approximately $226,000. Finally, Quadrature Capital Ltd purchased a new position in Semrush during the fourth quarter worth approximately $289,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.