Semrush (NASDAQ:SEMR - Get Free Report) had its price objective boosted by investment analysts at Jefferies Financial Group from $17.00 to $21.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 17.39% from the company's current price.
Other equities analysts have also issued research reports about the company. Northland Capmk raised Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price objective on the stock. Morgan Stanley raised Semrush from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Needham & Company LLC reissued a "buy" rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group boosted their price objective on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Semrush has a consensus rating of "Moderate Buy" and a consensus price target of $17.88.
Check Out Our Latest Stock Analysis on SEMR
Semrush Stock Performance
Shares of SEMR traded up $0.47 during trading hours on Monday, hitting $17.89. 979,666 shares of the stock were exchanged, compared to its average volume of 737,280. Semrush has a 12-month low of $9.64 and a 12-month high of $18.24. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 223.64 and a beta of 1.69. The stock's 50-day moving average price is $14.07 and its two-hundred day moving average price is $13.91.
Semrush (NASDAQ:SEMR - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a return on equity of 4.93% and a net margin of 3.29%. The firm had revenue of $97.41 million for the quarter, compared to analysts' expectations of $96.49 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, research analysts expect that Semrush will post 0.08 earnings per share for the current year.
Insider Buying and Selling
In other Semrush news, Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the sale, the director now directly owns 8,978,501 shares in the company, valued at $114,565,672.76. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Eugenie Levin sold 6,943 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82. Following the sale, the president now owns 580,549 shares in the company, valued at approximately $6,815,645.26. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,090 shares of company stock valued at $4,736,123. Company insiders own 57.83% of the company's stock.
Institutional Investors Weigh In On Semrush
A number of hedge funds have recently added to or reduced their stakes in SEMR. US Bancorp DE lifted its holdings in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after buying an additional 3,446 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Semrush in the 2nd quarter valued at approximately $123,000. Arizona State Retirement System purchased a new stake in shares of Semrush in the 4th quarter valued at approximately $128,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Semrush in the 4th quarter valued at approximately $135,000. Finally, DRW Securities LLC purchased a new stake in shares of Semrush in the 3rd quarter valued at approximately $157,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.
Semrush Company Profile
(
Get Free Report)
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.
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