Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $14.33 Consensus Price Target from Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.33.

Several equities analysts have recently commented on SEMR shares. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, August 7th. KeyCorp lifted their price target on Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th.

Semrush Trading Up 3.7 %

Shares of NASDAQ SEMR opened at $13.88 on Friday. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 154.22 and a beta of 1.59. The stock’s 50 day simple moving average is $13.70 and its 200 day simple moving average is $13.38. Semrush has a 12-month low of $7.36 and a 12-month high of $16.42.

Insider Transactions at Semrush

In related news, CMO Andrew Warden sold 4,154 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $13.69, for a total transaction of $56,868.26. Following the transaction, the chief marketing officer now owns 261,317 shares in the company, valued at $3,577,429.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Andrew Warden sold 4,154 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $13.69, for a total transaction of $56,868.26. Following the completion of the transaction, the chief marketing officer now owns 261,317 shares of the company’s stock, valued at $3,577,429.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Aldrich sold 10,000 shares of Semrush stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $13.95, for a total value of $139,500.00. Following the transaction, the director now directly owns 48,924 shares in the company, valued at $682,489.80. The disclosure for this sale can be found here. In the last three months, insiders sold 66,038 shares of company stock valued at $922,015. Company insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of Semrush by 20.9% in the fourth quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after buying an additional 1,563 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Semrush in the 2nd quarter worth $123,000. Summit Global Investments acquired a new stake in shares of Semrush during the second quarter worth $156,000. Versor Investments LP purchased a new stake in shares of Semrush during the second quarter valued at $174,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. 32.86% of the stock is owned by institutional investors and hedge funds.

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.