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

Semrush Holdings, Inc. (NASDAQ:SEMR) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.88.

SEMR has been the topic of several analyst reports. Northland Securities initiated coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th.

Insider Activity

In other news, General Counsel David W. Mason sold 1,875 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares in the company, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Eugenie Levin sold 15,093 shares of Semrush stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.11, for a total value of $258,241.23. Following the completion of the sale, the president now owns 493,456 shares in the company, valued at approximately $8,443,032.16. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,090 shares of company stock worth $4,736,123 in the last ninety days. Company insiders own 57.83% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares during the last quarter. Quarry LP boosted its holdings in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Semrush in the 4th quarter worth about $71,000. Comerica Bank boosted its holdings in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after buying an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Semrush in the 4th quarter worth approximately $86,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Price Performance

Shares of SEMR stock opened at $17.82 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 222.72 and a beta of 1.69. The business has a fifty day moving average of $14.55 and a 200 day moving average of $14.05. Semrush has a 1 year low of $9.64 and a 1 year high of $18.74.

About Semrush

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.