Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Average Recommendation of “Buy” from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.43.

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, KeyCorp reduced their target price on Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, May 8th.

Insider Buying and Selling at Semrush

In other Semrush news, CFO Brian Mulroy sold 20,000 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.43, for a total value of $208,600.00. Following the sale, the chief financial officer now directly owns 907,385 shares in the company, valued at $9,464,025.55. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David W. Mason sold 7,500 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total transaction of $75,225.00. Following the completion of the sale, the insider now owns 261,702 shares of the company’s stock, valued at approximately $2,624,871.06. The trade was a 2.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,583,087 shares of company stock valued at $25,854,230 in the last 90 days. 55.61% of the stock is currently owned by insiders.

Institutional Trading of Semrush

Hedge funds have recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Semrush in the first quarter valued at $42,000. US Bancorp DE increased 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 valued at $43,000 after buying an additional 3,446 shares during the period. Amundi raised its stake in shares of Semrush by 29.3% in the 1st quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after buying an additional 1,108 shares in the last quarter. Quarry LP lifted its holdings in shares of Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after acquiring an additional 3,589 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Semrush during the 4th quarter worth about $71,000. Institutional investors own 32.86% of the company’s stock.

Semrush Stock Down 4.9%

Shares of SEMR opened at $8.98 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 112.24 and a beta of 1.71. The company’s fifty day moving average is $9.86 and its 200-day moving average is $12.07. Semrush has a 12 month low of $7.90 and a 12 month high of $18.74.

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.