Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research 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 analysts that have issued ratings on the stock in the last year is $16.50.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. Finally, KeyCorp upped their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd.

Insider Activity

In other news, Director Dmitry Melnikov sold 64,140 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total transaction of $935,802.60. Following the completion of the sale, the director now directly owns 9,227,898 shares in the company, valued at approximately $134,635,031.82. This represents a 0.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $738,650.00. Following the transaction, the chief operating officer now owns 848,923 shares in the company, valued at approximately $11,401,035.89. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,112 shares of company stock valued at $2,179,734. 57.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently made changes to their positions in SEMR. Point72 Asset Management L.P. bought a new stake in Semrush in the second quarter valued at $123,000. Summit Global Investments purchased a new position in shares of Semrush during the second quarter valued at about $156,000. DRW Securities LLC bought a new position in Semrush in the third quarter worth about $157,000. Virtu Financial LLC purchased a new stake in Semrush in the third quarter worth about $158,000. Finally, Olympiad Research LP bought a new stake in Semrush during the 3rd quarter valued at approximately $159,000. Institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

Shares of SEMR opened at $13.70 on Tuesday. Semrush has a 1-year low of $9.64 and a 1-year high of $16.42. The company has a market capitalization of $2.01 billion, a P/E ratio of 171.27 and a beta of 1.59. The firm’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $14.00.

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.