Semrush (NASDAQ:SEMR) PT Raised to $11.00

Semrush (NASDAQ:SEMR – Get Rating) had its price target raised by analysts at Morgan Stanley from $10.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 21.15% from the company’s current price.

SEMR has been the topic of a number of other reports. Needham & Company LLC decreased their price objective on Semrush from $20.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler cut their price objective on Semrush from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday.

Semrush Stock Performance

Shares of Semrush stock opened at $9.08 on Wednesday. The stock has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $9.81. Semrush has a 52 week low of $7.16 and a 52 week high of $15.00. The stock has a market capitalization of $1.28 billion, a PE ratio of -37.83 and a beta of 0.93.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Semrush during the third quarter valued at about $31,000. Ensign Peak Advisors Inc bought a new stake in Semrush during the third quarter worth approximately $37,000. Lazard Asset Management LLC increased its stake in Semrush by 91.5% during the second quarter. Lazard Asset Management LLC now owns 4,956 shares of the company’s stock worth $64,000 after acquiring an additional 2,368 shares during the last quarter. UBS Group AG increased its stake in Semrush by 260.7% during the third quarter. UBS Group AG now owns 6,861 shares of the company’s stock worth $77,000 after acquiring an additional 4,959 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Semrush during the third quarter worth approximately $117,000. 24.21% of the stock is owned by institutional investors.

Semrush Company Profile

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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.