Semrush (NASDAQ:SEMR) Receives Sector Weight Rating from KeyCorp

Semrush (NASDAQ:SEMR)‘s stock had its “sector weight” rating reaffirmed by equities researchers at KeyCorp in a research note issued to investors on Wednesday,Benzinga reports.

A number of other analysts have also weighed in on SEMR. The Goldman Sachs Group lowered their target price on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Morgan Stanley set a $9.00 price objective on Semrush and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC cut their target price on Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Semrush has an average rating of “Moderate Buy” and an average price target of $13.50.

Semrush Stock Performance

SEMR traded up $5.04 during trading on Wednesday, hitting $11.80. 28,548,874 shares of the stock were exchanged, compared to its average volume of 1,082,849. The firm has a 50 day simple moving average of $7.35 and a 200 day simple moving average of $8.44. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 147.46 and a beta of 1.60. Semrush has a 1 year low of $6.56 and a 1 year high of $18.74.

Insiders Place Their Bets

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at approximately $2,850,945.09. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 55.61% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in Semrush by 261.1% during the first quarter. Deutsche Bank AG now owns 121,946 shares of the company’s stock worth $1,138,000 after purchasing an additional 88,177 shares in the last quarter. Nuveen LLC acquired a new position in shares of Semrush during the 1st quarter worth approximately $10,762,000. Charles Schwab Investment Management Inc. lifted its stake in Semrush by 16.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 356,551 shares of the company’s stock valued at $3,327,000 after buying an additional 50,786 shares in the last quarter. Zevenbergen Capital Investments LLC acquired a new stake in Semrush during the 1st quarter valued at $2,273,000. Finally, Jump Financial LLC grew its holdings in Semrush by 100.3% during the 1st quarter. Jump Financial LLC now owns 88,704 shares of the company’s stock valued at $828,000 after buying an additional 44,422 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.