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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.50.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Tuesday, October 29th.

Insider Buying and Selling

In related news, CMO Andrew Warden sold 3,953 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total value of $58,227.69. Following the completion of the sale, the chief marketing officer now directly owns 257,364 shares in the company, valued at $3,790,971.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Brian Mulroy sold 4,207 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the sale, the chief financial officer now directly owns 433,211 shares in the company, valued at $5,683,728.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Andrew Warden sold 3,953 shares of Semrush stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total value of $58,227.69. Following the sale, the chief marketing officer now owns 257,364 shares of the company’s stock, valued at approximately $3,790,971.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,789 shares of company stock worth $2,441,412 over the last three months. 57.83% of the stock is owned by insiders.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. Renaissance Technologies LLC bought a new stake in shares of Semrush during the second quarter worth $3,732,000. Federated Hermes Inc. lifted its position in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after purchasing an additional 236,010 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Semrush during the second quarter worth $3,006,000. Dimensional Fund Advisors LP lifted its position in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Semrush during the first quarter worth $2,705,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Price Performance

Shares of SEMR opened at $13.28 on Friday. Semrush has a 1 year low of $8.09 and a 1 year high of $16.42. The company has a 50 day simple moving average of $13.79 and a two-hundred day simple moving average of $13.95. The firm has a market cap of $1.94 billion, a P/E ratio of 132.80 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The company had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. On average, sell-side analysts anticipate that Semrush will post 0.08 earnings per share for the current year.

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.