Semrush (NASDAQ:SEMR) Upgraded at Northland Capmk

Semrush (NASDAQ:SEMR) was upgraded by stock analysts at Northland Capmk to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on SEMR. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $17.00 to $20.00 in a research report on Monday. Northland Securities initiated coverage on Semrush in a research report on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Semrush currently has a consensus rating of “Moderate Buy” and an average target price of $17.13.

Semrush Stock Up 10.7 %

NASDAQ:SEMR opened at $14.76 on Tuesday. Semrush has a twelve month low of $9.64 and a twelve month high of $16.42. The company has a market cap of $2.17 billion, a P/E ratio of 184.52 and a beta of 1.62. The business has a 50 day moving average price of $13.13 and a two-hundred day moving average price of $13.57.

Insider Activity

In other Semrush news, COO Vitalii Obishchenko sold 5,293 shares of Semrush stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.73, for a total transaction of $62,086.89. Following the completion of the transaction, the chief operating officer now directly owns 838,659 shares of the company’s stock, valued at $9,837,470.07. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the completion of the transaction, the director now directly owns 8,978,501 shares in the company, valued at $114,565,672.76. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 263,711 shares of company stock valued at $3,332,605 over the last three months. Insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently modified their holdings of SEMR. JPMorgan Chase & Co. raised its holdings in Semrush by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Semrush during the second quarter worth approximately $123,000. DRW Securities LLC bought a new position in shares of Semrush during the third quarter worth approximately $157,000. Finally, Virtu Financial LLC acquired a new stake in Semrush during the 3rd quarter worth approximately $158,000. Institutional investors own 32.86% of the company’s stock.

About Semrush

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.