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

Semrush (NASDAQ:SEMR) had its price target cut by equities research analysts at The Goldman Sachs Group from $14.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 25.20% from the company’s previous close.

SEMR has been the topic of several other research reports. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Securities assumed coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Semrush presently has an average rating of “Buy” and an average target price of $18.14.

Semrush Stock Down 2.7 %

Shares of NASDAQ:SEMR opened at $9.59 on Friday. The company has a 50-day moving average price of $14.01 and a two-hundred day moving average price of $13.68. Semrush has a twelve month low of $9.21 and a twelve month high of $18.74. The firm has a market capitalization of $1.41 billion, a PE ratio of 119.83 and a beta of 1.77.

Insider Transactions at Semrush

In other Semrush news, President Eugenie Levin sold 43,200 shares of Semrush stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $15.39, for a total transaction of $664,848.00. Following the completion of the sale, the president now owns 537,349 shares of the company’s stock, valued at $8,269,801.11. The trade was a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Vitalii Obishchenko sold 5,293 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total value of $62,086.89. Following the completion of the sale, the chief operating officer now owns 838,659 shares of the company’s stock, valued at $9,837,470.07. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 266,702 shares of company stock valued at $3,441,515. Insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC bought a new stake in shares of Semrush in the 4th quarter valued at about $9,267,000. Millennium Management LLC boosted its stake in shares of Semrush by 153.8% during the fourth 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 period. Allspring Global Investments Holdings LLC purchased a new position in shares of Semrush in the fourth quarter worth $6,869,000. Arrowstreet Capital Limited Partnership raised its holdings in Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock valued at $11,696,000 after buying an additional 541,899 shares during the last quarter. Finally, FMR LLC boosted its position in 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. Hedge funds and other 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.