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

Semrush Holdings, Inc. (NASDAQ:SEMR) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.50.

A number of research firms have recently weighed in on SEMR. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. KeyCorp boosted their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd.

Insiders Place Their Bets

In related news, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $13.12, for a total value of $55,195.84. Following the sale, the chief financial officer now directly owns 433,211 shares of the company’s stock, valued at approximately $5,683,728.32. The trade was a 0.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Andrew Warden sold 3,953 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total transaction of $58,227.69. Following the completion of the transaction, the chief marketing officer now directly owns 257,364 shares of the company’s stock, valued at approximately $3,790,971.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,580 shares of company stock worth $2,164,888 over the last ninety days. 57.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Semrush

A number of institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Semrush during the third quarter worth about $454,000. Virtu Financial LLC acquired a new position in Semrush during the 3rd quarter worth approximately $158,000. Barclays PLC grew its stake in shares of Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after acquiring an additional 54,830 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after purchasing an additional 36,173 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Semrush in the third quarter worth $608,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Price Performance

Shares of NASDAQ SEMR opened at $12.20 on Friday. The company’s 50 day simple moving average is $13.51 and its 200 day simple moving average is $13.79. Semrush has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The firm has a market capitalization of $1.79 billion, a P/E ratio of 152.52 and a beta of 1.59.

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.