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

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $18.14.

A number of research analysts have recently commented on SEMR shares. The Goldman Sachs Group lowered their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Finally, Northland Securities started coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company.

Insiders Place Their Bets

In related news, President Eugenie Levin sold 6,943 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total value of $81,510.82. Following the completion of the transaction, the president now owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Oleg Shchegolev sold 32,932 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08. Following the sale, the chief executive officer now directly owns 7,268,282 shares in the company, valued at approximately $81,332,075.58. This trade represents a 0.45 % 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 insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its position in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after acquiring an additional 3,446 shares during the period. Quarry LP lifted its position in shares of Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush during the fourth quarter worth approximately $71,000. Comerica Bank grew its position in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Semrush in the 4th quarter valued at approximately $86,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

Shares of SEMR stock opened at $9.59 on Monday. Semrush has a 12-month low of $9.21 and a 12-month high of $18.74. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 119.83 and a beta of 1.77. The business has a 50 day simple moving average of $14.01 and a 200 day simple moving average of $13.69.

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.