Semrush (NASDAQ:SEMR) Price Target Cut to $12.00 by Analysts at The Goldman Sachs Group

Semrush (NASDAQ:SEMR) had its price objective lowered by The Goldman Sachs Group from $14.00 to $12.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 25.39% from the company’s previous close.

A number of other research firms have also recently commented on SEMR. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities initiated coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $18.14.

Semrush Price Performance

Shares of SEMR traded down $0.28 during mid-day trading on Friday, reaching $9.57. The stock had a trading volume of 118,740 shares, compared to its average volume of 535,941. Semrush has a 52-week low of $9.21 and a 52-week high of $18.74. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 119.76 and a beta of 1.77. The business’s fifty day moving average is $14.13 and its 200 day moving average is $13.71.

Insider Transactions at Semrush

In other Semrush news, President Eugenie Levin sold 6,943 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total value of $81,510.82. Following the transaction, the president now directly owns 580,549 shares in the company, valued at $6,815,645.26. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Andrew Warden sold 8,462 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction 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. In the last ninety days, insiders sold 266,702 shares of company stock valued at $3,441,515. 57.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank raised its stake in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after acquiring an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after acquiring an additional 912 shares during the period. Magnetar Financial LLC grew its stake in shares of Semrush by 6.3% during the 4th quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after purchasing an additional 933 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Semrush by 11.7% in the 4th quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock valued at $274,000 after purchasing an additional 2,421 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.