Semrush (NASDAQ:SEMR) Price Target Cut to $10.00

Semrush (NASDAQ:SEMRGet Rating) had its price objective reduced by equities research analysts at Jefferies Financial Group from $15.00 to $10.00 in a report released on Thursday, The Fly reports. Jefferies Financial Group’s price target points to a potential upside of 13.90% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Semrush from $25.00 to $20.00 in a research report on Tuesday, March 1st. KeyCorp decreased their price target on shares of Semrush from $18.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Finally, Piper Sandler decreased their price target on shares of Semrush from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, March 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $18.67.

SEMR stock opened at $8.78 on Thursday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -439.00 and a beta of 2.53. Semrush has a 12 month low of $7.51 and a 12 month high of $32.48. The firm has a 50-day moving average of $10.83 and a two-hundred day moving average of $16.49.

Semrush (NASDAQ:SEMRGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Semrush had a negative net margin of 1.75% and a negative return on equity of 1.98%. During the same quarter in the prior year, the company posted $0.01 earnings per share. As a group, analysts anticipate that Semrush will post -0.2 earnings per share for the current year.

In other news, CRO Delbert M. Humenik sold 4,034 shares of Semrush stock in a transaction on Friday, April 1st. The shares were sold at an average price of $11.18, for a total transaction of $45,100.12. Following the completion of the sale, the executive now directly owns 93,081 shares of the company’s stock, valued at approximately $1,040,645.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 61.90% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Cat Rock Capital Management LP raised its stake in Semrush by 143.8% during the 4th quarter. Cat Rock Capital Management LP now owns 5,050,026 shares of the company’s stock worth $105,293,000 after acquiring an additional 2,978,820 shares in the last quarter. Dorsey Asset Management LLC raised its stake in Semrush by 2.6% during the 4th quarter. Dorsey Asset Management LLC now owns 2,616,838 shares of the company’s stock worth $54,561,000 after acquiring an additional 66,113 shares in the last quarter. Royce & Associates LP acquired a new stake in Semrush during the 4th quarter worth $14,837,000. Invesco Ltd. acquired a new stake in Semrush during the 4th quarter worth $10,839,000. Finally, Morgan Stanley raised its stake in Semrush by 4,323.2% during the 3rd quarter. Morgan Stanley now owns 513,672 shares of the company’s stock worth $11,845,000 after acquiring an additional 502,059 shares in the last quarter. Hedge funds and other institutional investors own 15.10% of the company’s stock.

Semrush Company Profile (Get Rating)

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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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