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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.13.

Several analysts have issued reports on SEMR shares. Northland Securities assumed coverage on Semrush in a report on Tuesday. They issued an “outperform” rating and a $18.00 target price for the company. The Goldman Sachs Group raised their price objective 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. JPMorgan Chase & Co. boosted 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. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $20.00 in a report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th.

Insider Buying and Selling

In related news, Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total transaction of $568,993.92. Following the transaction, the director now owns 8,978,501 shares of the company’s stock, valued at approximately $114,565,672.76. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Eugenie Levin sold 6,943 shares of Semrush stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total value of $81,510.82. Following the completion of the transaction, the president now directly owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 263,711 shares of company stock valued at $3,332,605. Company insiders own 57.83% of the company’s stock.

Institutional Trading of Semrush

Several hedge funds have recently made changes to their positions in SEMR. Bank of New York Mellon Corp increased its stake in Semrush by 28.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock worth $1,403,000 after buying an additional 23,313 shares during the period. Rhumbline Advisers increased its position in shares of Semrush by 29.7% during the second quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after acquiring an additional 11,202 shares during the period. Acadian Asset Management LLC raised its stake in shares of Semrush by 330.9% in the second quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after acquiring an additional 28,768 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Semrush by 69.5% in 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 period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Price Performance

SEMR stock opened at $13.32 on Wednesday. Semrush has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a market capitalization of $1.95 billion, a PE ratio of 166.52 and a beta of 1.62. The business has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $13.57.

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.