Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.13.

A number of research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research report on Monday. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Northland Securities assumed coverage on shares of Semrush in a report on Tuesday. They set an “outperform” rating and a $18.00 target price for the company.

Insider Activity

In other news, CFO Brian Mulroy sold 3,015 shares of Semrush stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $12.40, for a total value of $37,386.00. Following the sale, the chief financial officer now owns 430,196 shares in the company, valued at $5,334,430.40. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dmitry Melnikov sold 44,592 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total transaction of $568,993.92. Following the sale, the director now directly owns 8,978,501 shares of the company’s stock, valued at $114,565,672.76. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 263,711 shares of company stock worth $3,332,605 over the last three months. 57.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Semrush

Several institutional investors have recently bought and sold shares of SEMR. JPMorgan Chase & Co. raised its holdings in shares of Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Semrush during the third quarter worth approximately $454,000. Virtu Financial LLC acquired a new position in Semrush in the 3rd quarter valued at $158,000. Barclays PLC lifted its holdings in Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Semrush by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Trading Up 5.2 %

Shares of NASDAQ SEMR opened at $13.32 on Wednesday. The company has a 50 day simple moving average of $13.13 and a two-hundred day simple moving average of $13.57. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 166.52 and a beta of 1.62. Semrush has a 12 month low of $9.64 and a 12 month high of $16.42.

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.