Morgan Stanley upgraded shares of Semrush (NASDAQ:SEMR – Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has $20.00 target price on the stock, up from their previous target price of $17.00.
Other research analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Monday, November 11th. KeyCorp upped their target price on 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 upped their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.00.
Read Our Latest Research Report on SEMR
Semrush Stock Performance
Insider Buying and Selling
In other Semrush news, CFO Brian Mulroy sold 3,015 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $12.40, for a total transaction of $37,386.00. Following the sale, the chief financial officer now directly owns 430,196 shares in the company, valued at approximately $5,334,430.40. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Vitalii Obishchenko sold 5,293 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.73, for a total value of $62,086.89. Following the sale, the chief operating officer now owns 838,659 shares in the company, valued at approximately $9,837,470.07. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 263,711 shares of company stock worth $3,332,605 in the last 90 days. Insiders own 57.83% of the company’s stock.
Institutional Trading of Semrush
Several institutional investors have recently added to or reduced their stakes in SEMR. FMR LLC lifted its holdings in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares during the period. Renaissance Technologies LLC bought a new position in shares of Semrush during the 2nd quarter valued at $3,732,000. Federated Hermes Inc. lifted its holdings in shares of Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Semrush during the 2nd quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after buying an additional 218,488 shares during the period. 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.
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