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

Semrush Holdings, Inc. (NASDAQ:SEMR) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.57.

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

Semrush Trading Down 1.4 %

Shares of SEMR stock opened at $13.11 on Friday. The company has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $13.90. The stock has a market cap of $1.92 billion, a P/E ratio of 131.10 and a beta of 1.58. Semrush has a 12 month low of $7.36 and a 12 month high of $16.42.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. As a group, equities analysts forecast that Semrush will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CMO Andrew Warden sold 3,953 shares of Semrush stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total value of $58,227.69. Following the sale, the chief marketing officer now directly owns 257,364 shares of the company’s stock, valued at approximately $3,790,971.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Brian Mulroy sold 4,207 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total transaction of $55,195.84. Following the sale, the chief financial officer now directly owns 433,211 shares of the company’s stock, valued at $5,683,728.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Andrew Warden sold 3,953 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $14.73, for a total transaction of $58,227.69. Following the completion of the transaction, the chief marketing officer now directly owns 257,364 shares of the company’s stock, valued at approximately $3,790,971.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,200 shares of company stock worth $2,420,533 in the last 90 days. 57.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Semrush

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. bought a new stake in shares of Semrush in the 3rd quarter worth about $454,000. Olympiad Research LP bought a new stake in Semrush during the third quarter worth approximately $159,000. VELA Investment Management LLC purchased a new stake in Semrush during the third quarter valued at approximately $701,000. Cubist Systematic Strategies LLC bought a new stake in shares of Semrush in the 2nd quarter valued at approximately $3,006,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Semrush in the 2nd quarter worth approximately $123,000. Institutional investors own 32.86% of the company’s stock.

Semrush Company Profile

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.