Semrush (NASDAQ:SEMR) PT Lowered to $14.00

Semrush (NASDAQ:SEMRGet Rating) had its target price lowered by analysts at Piper Sandler from $16.00 to $14.00 in a research report issued on Wednesday, The Fly reports. Piper Sandler’s target price would suggest a potential upside of 54.87% from the stock’s current price.

Separately, Morgan Stanley increased their price target on Semrush from $13.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.33.

Semrush Price Performance

NASDAQ SEMR opened at $9.04 on Wednesday. The business’s fifty day moving average price is $11.55 and its 200-day moving average price is $11.72. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -53.35 and a beta of 0.88. Semrush has a 1-year low of $7.41 and a 1-year high of $23.65.

Insider Transactions at Semrush

In other news, CFO Evgeny Fetisov sold 45,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $11.56, for a total value of $520,200.00. Following the completion of the sale, the chief financial officer now directly owns 142,421 shares in the company, valued at approximately $1,646,386.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Semrush news, CFO Evgeny Fetisov sold 45,000 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $11.56, for a total value of $520,200.00. Following the completion of the sale, the chief financial officer now owns 142,421 shares in the company, valued at approximately $1,646,386.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Oleg Shchegolev sold 14,672 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $13.09, for a total value of $192,056.48. Following the completion of the sale, the chief executive officer now owns 1,648,710 shares of the company’s stock, valued at approximately $21,581,613.90. The disclosure for this sale can be found here. Insiders sold 105,145 shares of company stock worth $1,277,821 in the last three months. Corporate insiders own 61.90% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Semrush in the 3rd quarter worth $31,000. Ensign Peak Advisors Inc purchased a new position in shares of Semrush during the third quarter valued at about $37,000. Lazard Asset Management LLC grew its position in shares of Semrush by 91.5% during the second quarter. Lazard Asset Management LLC now owns 4,956 shares of the company’s stock valued at $64,000 after purchasing an additional 2,368 shares in the last quarter. UBS Group AG grew its position in shares of Semrush by 260.7% during the third quarter. UBS Group AG now owns 6,861 shares of the company’s stock valued at $77,000 after purchasing an additional 4,959 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of Semrush during the third quarter valued at about $117,000. Hedge funds and other institutional investors own 24.23% of the company’s stock.

About Semrush

(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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Analyst Recommendations for Semrush (NASDAQ:SEMR)

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