SEMrush Holdings, Inc. (NYSE:SEMR) Receives Average Recommendation of “Reduce” from Brokerages

Shares of SEMrush Holdings, Inc. (NYSE:SEMR) have been given an average recommendation of “Reduce” by the six research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company.

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded SEMrush from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Needham & Company LLC lowered shares of SEMrush from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 19th. Northland Capmk cut SEMrush from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Jefferies Financial Group lowered SEMrush from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, KeyCorp lowered SEMrush from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th.

SEMrush Price Performance

Shares of SEMrush stock opened at $11.86 on Tuesday. The stock has a market capitalization of $1.77 billion, a PE ratio of -593.00 and a beta of 1.54. The business has a 50-day moving average price of $9.04. SEMrush has a 52-week low of $6.56 and a 52-week high of $18.74.

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

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.