Semrush (NASDAQ:SEMR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Semrush (NASDAQ:SEMR) had its target price lifted by stock analysts at Jefferies Financial Group from $17.00 to $21.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 20.31% from the company’s current price.

Several other brokerages have also recently weighed in on SEMR. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group lifted their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.88.

Semrush Stock Performance

Shares of SEMR stock opened at $17.46 on Monday. The business’s 50 day moving average price is $13.90 and its 200-day moving average price is $13.86. Semrush has a fifty-two week low of $9.64 and a fifty-two week high of $17.95. The firm has a market cap of $2.56 billion, a P/E ratio of 218.21 and a beta of 1.69.

Semrush (NASDAQ:SEMR) last posted its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a return on equity of 4.93% and a net margin of 3.29%. The company had revenue of $97.41 million during the quarter, compared to analysts’ expectations of $96.49 million. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, equities analysts predict that Semrush will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other Semrush news, Director Dmitry Melnikov sold 42,226 shares of the firm’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 sale, the director now directly owns 9,099,091 shares of the company’s stock, valued at $122,837,728.50. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Andrew Warden sold 8,462 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the sale, the chief marketing officer now owns 276,656 shares of the company’s stock, valued at $3,239,641.76. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 351,090 shares of company stock valued at $4,736,123. Insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush during the 4th quarter valued at about $6,869,000. FMR LLC boosted its position in shares of 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 acquiring an additional 467,517 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. Wellington Management Group LLP raised its stake in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after purchasing an additional 168,400 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Semrush by 126.5% in the 2nd quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock worth $3,942,000 after buying an additional 164,395 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.