Semrush Holdings, Inc. (NASDAQ:SEMR) Given Average Rating of “Buy” by Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.43.

Several research firms have commented on SEMR. KeyCorp cut their target price on Semrush from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Morgan Stanley cut their target price on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th.

Semrush Stock Performance

Shares of SEMR stock opened at $8.51 on Friday. The company has a market capitalization of $1.26 billion, a P/E ratio of 106.33 and a beta of 1.65. The company’s 50 day moving average price is $9.34 and its two-hundred day moving average price is $11.15. Semrush has a 52 week low of $7.90 and a 52 week high of $18.74.

Insider Activity

In related news, Director Anna Baird sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $10.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director directly owned 26,556 shares of the company’s stock, valued at approximately $265,560. This represents a 42.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Oleg Shchegolev sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total value of $25,025,000.00. Following the transaction, the chief technology officer directly owned 26,739,320 shares of the company’s stock, valued at $267,660,593.20. This trade represents a 8.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,561,250 shares of company stock valued at $25,650,643. Corporate insiders own 55.61% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas grew its holdings in Semrush by 29.3% during the second quarter. Teacher Retirement System of Texas now owns 41,138 shares of the company’s stock worth $372,000 after purchasing an additional 9,313 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Semrush by 64.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 222,566 shares of the company’s stock worth $2,014,000 after purchasing an additional 87,395 shares during the period. Envestnet Asset Management Inc. grew its holdings in Semrush by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 68,875 shares of the company’s stock worth $623,000 after purchasing an additional 7,657 shares during the period. AlphaQuest LLC grew its holdings in Semrush by 354.8% during the second quarter. AlphaQuest LLC now owns 68,763 shares of the company’s stock worth $622,000 after purchasing an additional 53,642 shares during the period. Finally, R Squared Ltd acquired a new position in Semrush in the 2nd quarter valued at about $93,000. 32.86% of the stock is owned by institutional investors and hedge funds.

About Semrush

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.