Semrush’s (SEMR) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Semrush (NASDAQ:SEMR) in a research note issued to investors on Wednesday,Benzinga reports.

SEMR has been the subject of several other reports. KeyCorp restated a “sector weight” rating on shares of Semrush in a research report on Wednesday. Morgan Stanley set a $9.00 price objective on shares of Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Finally, 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 report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Semrush Stock Up 0.1%

Shares of Semrush stock traded up $0.02 during trading hours on Wednesday, reaching $11.78. 782,815 shares of the stock traded hands, compared to its average volume of 1,157,865. Semrush has a one year low of $6.56 and a one year high of $18.74. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 147.21 and a beta of 1.60. The company has a 50 day moving average price of $7.43 and a 200 day moving average price of $8.46.

Insider Buying and Selling at Semrush

In related 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 value of $54,390.00. Following the completion of the transaction, the chief marketing officer owned 366,917 shares of the company’s stock, valued at approximately $2,850,945.09. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 55.61% of the company’s stock.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC bought a new position in shares of Semrush in the first quarter worth about $42,000. Amundi boosted its stake in Semrush by 29.3% in the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after purchasing an additional 1,108 shares during the period. Canada Pension Plan Investment Board grew its holdings in Semrush by 96.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company’s stock valued at $50,000 after buying an additional 2,700 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Semrush during the third quarter valued at approximately $41,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Semrush by 56.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company’s stock worth $57,000 after buying an additional 2,259 shares in the last quarter. 32.86% of the stock is owned by institutional investors.

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.