Shares of Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) 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.
Read Our Latest Stock Report on Semrush
Insider Buying and Selling
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 – Get Free Report) 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.
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