Semrush Holdings, Inc. (NASDAQ:SEMR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.14.

A number of research firms have recently weighed in on SEMR. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Jefferies Financial Group lifted their price target on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd.

Insider Transactions at Semrush

In other news, CEO Oleg Shchegolev sold 6,859 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89. Following the transaction, the chief executive officer now owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 17,118 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.20, for a total transaction of $191,721.60. Following the transaction, the chief marketing officer now directly owns 404,992 shares of the company’s stock, valued at $4,535,910.40. This represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 251,138 shares of company stock worth $3,257,549 over the last three months. 57.83% of the stock is currently owned by insiders.

Institutional Trading of Semrush

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Semrush by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock worth $61,505,000 after purchasing an additional 113,222 shares during the period. FMR LLC raised its stake in shares of Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares in the last quarter. Dorsey Asset Management LLC lifted its holdings in shares of Semrush by 6.8% during the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company’s stock worth $26,831,000 after acquiring an additional 144,534 shares during the period. Wellington Management Group LLP boosted its position in shares of Semrush by 12.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after acquiring an additional 168,400 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Semrush by 153.8% in the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after acquiring an additional 755,220 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Stock Performance

NASDAQ:SEMR opened at $9.59 on Monday. The company has a market capitalization of $1.41 billion, a P/E ratio of 119.83 and a beta of 1.77. The stock’s 50 day moving average price is $14.01 and its 200 day moving average price is $13.69. Semrush has a 52 week low of $9.21 and a 52 week high of $18.74.

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.