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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $16.50.

SEMR has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd.

Insider Buying and Selling

In other Semrush news, Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the sale, the director now owns 113,731 shares of the company’s stock, valued at $1,763,967.81. This represents a 6.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dmitry Melnikov sold 64,140 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total transaction of $935,802.60. Following the completion of the sale, the director now directly owns 9,227,898 shares in the company, valued at $134,635,031.82. This trade represents a 0.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,123 shares of company stock valued at $2,320,088. Corporate insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

Institutional investors have recently modified their holdings of the company. Silvercrest Asset Management Group LLC acquired a new position in Semrush during the first quarter worth approximately $2,705,000. Jacobs Levy Equity Management Inc. acquired a new position in Semrush during the first quarter worth approximately $543,000. SkyView Investment Advisors LLC increased its position in Semrush by 8.9% during the first quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock worth $2,729,000 after purchasing an additional 16,738 shares during the last quarter. SG Americas Securities LLC acquired a new position in Semrush during the second quarter worth approximately $654,000. Finally, Summit Global Investments acquired a new position in Semrush during the second quarter worth approximately $156,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Down 1.9 %

Shares of SEMR opened at $13.90 on Tuesday. Semrush has a twelve month low of $9.64 and a twelve month high of $16.42. The firm’s fifty day simple moving average is $13.90 and its 200-day simple moving average is $14.06. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 173.77 and a beta of 1.62.

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.