KeyCorp Downgrades SEMrush (NYSE:SEMR) to Hold

SEMrush (NYSE:SEMR) was downgraded by analysts at KeyCorp from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on SEMR. Wall Street Zen upgraded shares of SEMrush from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of SEMrush in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded SEMrush from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SEMrush presently has an average rating of “Reduce”.

SEMrush Price Performance

Shares of NYSE SEMR opened at $11.78 on Wednesday. The firm has a fifty day moving average of $7.52. The firm has a market cap of $1.75 billion, a PE ratio of -589.00 and a beta of 1.60. SEMrush has a fifty-two week low of $6.56 and a fifty-two week high of $18.74.

SEMrush (NYSE:SEMR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $112.08 million for the quarter, compared to analysts’ expectations of $111.53 million. SEMrush had a negative return on equity of 1.60% and a negative net margin of 1.05%.

SEMrush Company Profile

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.