Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $17.88 Average Target Price from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.88.

Several analysts recently commented on the company. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities started coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd.

Semrush Stock Performance

Shares of SEMR opened at $18.06 on Friday. The business’s 50-day moving average is $14.34 and its two-hundred day moving average is $13.98. The company has a market capitalization of $2.65 billion, a P/E ratio of 225.77 and a beta of 1.69. Semrush has a fifty-two week low of $9.64 and a fifty-two week high of $18.74.

Insider Activity

In other news, CMO Andrew Warden sold 8,462 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the sale, the chief marketing officer now directly owns 276,656 shares in the company, valued at $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the transaction, the director now owns 9,099,091 shares in the company, valued at $122,837,728.50. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,090 shares of company stock worth $4,736,123 over the last 90 days. 57.83% of the stock is currently owned by company insiders.

Institutional Trading of Semrush

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its position in shares of Semrush by 126.5% in the second quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock valued at $3,942,000 after purchasing an additional 164,395 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after buying an additional 3,706 shares during the last quarter. VELA Investment Management LLC purchased a new stake in Semrush in the 3rd quarter valued at $701,000. Olympiad Research LP acquired a new stake in shares of Semrush in the 3rd quarter worth $159,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Semrush during the 3rd quarter worth $454,000. Institutional investors and hedge funds 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.