Semrush Holdings, Inc. (NASDAQ:SEMR) Given Average Recommendation of “Moderate Buy” by Brokerages

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.33.

SEMR has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, August 7th. KeyCorp lifted their price target on shares of Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th.

Insider Activity at Semrush

In other Semrush news, COO Vitalii Obishchenko sold 4,740 shares of Semrush stock in a transaction on Friday, July 5th. The shares were sold at an average price of $13.63, for a total transaction of $64,606.20. Following the sale, the chief operating officer now owns 903,923 shares of the company’s stock, valued at approximately $12,320,470.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Semrush news, COO Vitalii Obishchenko sold 4,740 shares of Semrush stock in a transaction on Friday, July 5th. The shares were sold at an average price of $13.63, for a total transaction of $64,606.20. Following the sale, the chief operating officer now owns 903,923 shares of the company’s stock, valued at approximately $12,320,470.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dmitry Melnikov sold 10,011 shares of Semrush stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $14.02, for a total transaction of $140,354.22. Following the sale, the director now directly owns 9,362,419 shares in the company, valued at approximately $131,261,114.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,049 shares of company stock valued at $1,507,419. 57.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Semrush by 20.9% during the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after acquiring an additional 1,563 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after acquiring an additional 3,706 shares during the period. Swiss National Bank raised its holdings in shares of Semrush by 8.1% during the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after acquiring an additional 5,300 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the 2nd quarter worth $123,000. Finally, Algert Global LLC raised its holdings in shares of Semrush by 13.8% during the 2nd quarter. Algert Global LLC now owns 84,931 shares of the company’s stock worth $1,137,000 after acquiring an additional 10,282 shares during the period. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

NASDAQ:SEMR opened at $14.56 on Thursday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 161.78 and a beta of 1.57. The company has a 50 day moving average price of $13.78 and a 200-day moving average price of $13.55. Semrush has a 1-year low of $7.36 and a 1-year high of $16.42.

Semrush (NASDAQ:SEMR) last posted its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. On average, sell-side analysts anticipate that Semrush will post 0.08 earnings per share for the current fiscal year.

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.