KeyCorp Issues Pessimistic Forecast for Semrush (NASDAQ:SEMR) Stock Price

Semrush (NASDAQ:SEMR) had its target price lowered by research analysts at KeyCorp from $18.00 to $16.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 52.24% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group increased their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. The Goldman Sachs Group cut their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Finally, Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Semrush currently has an average rating of “Buy” and a consensus target price of $16.43.

Semrush Price Performance

Shares of SEMR opened at $10.51 on Thursday. The company’s 50-day moving average is $9.63 and its 200-day moving average is $12.66. The firm has a market capitalization of $1.55 billion, a PE ratio of 131.39 and a beta of 1.79. Semrush has a fifty-two week low of $7.90 and a fifty-two week high of $18.74.

Insiders Place Their Bets

In other news, CFO Brian Mulroy sold 4,207 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the transaction, the chief financial officer now owns 694,351 shares of the company’s stock, valued at $5,978,362.11. This represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark Vranesh sold 5,000 shares of Semrush stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the director now owns 103,731 shares in the company, valued at approximately $1,037,310. This represents a 4.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,406 shares of company stock valued at $1,722,014 in the last 90 days. Corporate insiders own 57.83% of the company’s stock.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently made changes to their positions in SEMR. Allspring Global Investments Holdings LLC bought a new position in Semrush during the 4th quarter worth approximately $6,869,000. Y Intercept Hong Kong Ltd raised its stake in Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after buying an additional 64,514 shares during the last quarter. SG Americas Securities LLC raised its stake in Semrush by 329.4% during the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after buying an additional 43,027 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Semrush by 10.6% in the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock valued at $380,000 after buying an additional 3,059 shares during the period. Finally, Barclays PLC boosted its position in Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after acquiring an additional 54,830 shares during the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

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.