SEMrush (NYSE:SEMR) Rating Increased to Buy at Wall Street Zen

SEMrush (NYSE:SEMR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also weighed in on SEMR. Zacks Research upgraded shares of SEMrush from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SEMrush in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

SEMrush Stock Performance

Shares of NYSE SEMR opened at $7.22 on Friday. The stock’s 50 day moving average price is $7.43. SEMrush has a 1 year low of $6.56 and a 1 year high of $18.74. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -361.00 and a beta of 1.60.

SEMrush (NYSE:SEMR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $112.07 million for the quarter, compared to analyst estimates of $111.53 million. SEMrush had a negative net margin of 1.05% and a negative return on equity of 1.63%.

About SEMrush

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.