Semrush Holdings, Inc. (NASDAQ:SEMR) Given Consensus Rating of “Moderate Buy” by Analysts

Semrush Holdings, Inc. (NASDAQ:SEMR) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $16.50.

A number of brokerages have recently issued reports on SEMR. JPMorgan Chase & Co. lifted their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. KeyCorp lifted their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th.

Semrush Trading Down 1.3 %

Shares of Semrush stock opened at $12.32 on Friday. Semrush has a twelve month low of $9.64 and a twelve month high of $16.42. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 154.02 and a beta of 1.59. The company has a fifty day moving average price of $13.45 and a 200 day moving average price of $13.72.

Insider Activity

In related news, Director Dmitry Melnikov sold 34,566 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $12.32, for a total value of $425,853.12. Following the completion of the sale, the director now directly owns 8,868,125 shares in the company, valued at approximately $109,255,300. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Vranesh sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now directly owns 113,731 shares in the company, valued at $1,763,967.81. This trade represents a 6.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 233,056 shares of company stock worth $3,054,001 in the last ninety days. Corporate insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

Several large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in Semrush in the 2nd quarter valued at $123,000. DRW Securities LLC bought a new stake in Semrush in the third quarter valued at about $157,000. Virtu Financial LLC bought a new stake in Semrush in the third quarter valued at about $158,000. Olympiad Research LP acquired a new position in Semrush in the third quarter worth about $159,000. Finally, Versor Investments LP bought a new position in Semrush during the second quarter worth about $174,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.