Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $14.00 Average Price Target from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

SEMR has been the topic of several research reports. The Goldman Sachs Group decreased their target price on Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Needham & Company LLC cut their price target on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Morgan Stanley set a $9.00 price target on Semrush and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Finally, KeyCorp set a $12.00 target price on Semrush and gave the stock an “overweight” rating in a research note on Tuesday, August 5th.

Insider Activity

In related news, Director Mark Vranesh sold 5,000 shares of Semrush stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the director owned 116,693 shares in the company, valued at $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Andrew Warden sold 7,000 shares of Semrush stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the sale, the chief marketing officer directly owned 366,917 shares of the company’s stock, valued at approximately $2,850,945.09. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,406 shares of company stock valued at $116,819 in the last quarter. Company insiders own 55.61% of the company’s stock.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. Ameriprise Financial Inc. acquired a new position in Semrush during the 4th quarter worth approximately $1,554,000. BNP Paribas Financial Markets acquired a new stake in Semrush during the 4th quarter valued at $295,000. Bank of America Corp DE boosted its holdings in shares of Semrush by 14.7% during the fourth quarter. Bank of America Corp DE now owns 42,211 shares of the company’s stock worth $501,000 after purchasing an additional 5,424 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Semrush by 46.7% during the fourth quarter. Deutsche Bank AG now owns 33,769 shares of the company’s stock worth $401,000 after purchasing an additional 10,753 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Semrush by 3.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after purchasing an additional 830 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Price Performance

NASDAQ SEMR opened at $7.42 on Monday. The company has a market cap of $1.10 billion, a PE ratio of 92.70 and a beta of 1.64. The stock’s 50 day simple moving average is $7.98 and its 200-day simple moving average is $9.02. Semrush has a 1-year low of $7.01 and a 1-year 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.