Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $15.00 Average Target Price from Brokerages

Semrush Holdings, Inc. (NASDAQ:SEMR) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.57.

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

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $13.16 on Monday. The company’s fifty day moving average price is $13.93 and its 200-day moving average price is $13.90. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 131.60 and a beta of 1.58. Semrush has a one year low of $7.36 and a one year high of $16.42.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, August 5th. The company reported $0.01 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 firm had revenue of $90.95 million during the quarter, compared to the consensus estimate of $89.70 million. As a group, equities research analysts expect that Semrush will post 0.08 EPS for the current year.

Insider Buying and Selling at Semrush

In other news, President Eugenie Levin sold 3,788 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the transaction, the president now directly owns 601,892 shares of the company’s stock, valued at approximately $8,498,715.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Vitalii Obishchenko sold 55,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total transaction of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at $11,401,035.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Eugenie Levin sold 3,788 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total value of $53,486.56. Following the completion of the sale, the president now owns 601,892 shares in the company, valued at $8,498,715.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,660 shares of company stock worth $2,387,791. 57.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semrush

Hedge funds have recently bought and sold shares of the company. Cat Rock Capital Management LP boosted its position in shares of Semrush by 4.4% during the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after buying an additional 358,386 shares during the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of Semrush in the fourth quarter worth approximately $10,597,000. Dimensional Fund Advisors LP raised its holdings 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 valued at $7,132,000 after purchasing an additional 218,488 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Semrush by 385.0% in 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. Finally, Millennium Management LLC grew its position in Semrush by 126.5% in the 2nd quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock worth $3,942,000 after purchasing an additional 164,395 shares during the period. 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.