Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) 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.
View Our Latest Stock Report on SEMR
Insider Activity
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.
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