The Goldman Sachs Group Boosts Semrush (NASDAQ:SEMR) Price Target to $16.00

Semrush (NASDAQ:SEMR - Get Free Report) had its price objective hoisted by The Goldman Sachs Group from $14.00 to $16.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 16.83% from the stock's previous close.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price target on Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. KeyCorp increased their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.57.

Semrush Stock Down 5.1 %

SEMR stock traded down $0.73 during mid-day trading on Monday, hitting $13.70. 727,650 shares of the company were exchanged, compared to its average volume of 526,413. Semrush has a 12-month low of $7.36 and a 12-month high of $16.42. The business has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $13.88. The firm has a market capitalization of $1.99 billion, a P/E ratio of 152.17 and a beta of 1.58.

Semrush (NASDAQ:SEMR - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The business had revenue of $90.95 million during the quarter, compared to analyst estimates of $89.70 million. Research analysts predict that Semrush will post 0.08 EPS for the current year.

Insider Activity

In other news, CMO Andrew Warden sold 3,953 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total transaction of $58,227.69. Following the transaction, the chief marketing officer now owns 257,364 shares in the company, valued at approximately $3,790,971.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Andrew Warden sold 3,953 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total value of $58,227.69. Following the completion of the transaction, the chief marketing officer now directly owns 257,364 shares in the company, valued at approximately $3,790,971.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Eugenie Levin sold 3,788 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total transaction of $53,486.56. Following the sale, the president now directly owns 601,892 shares of the company's stock, valued at $8,498,715.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,867 shares of company stock worth $2,445,301 over the last three months. Corporate insiders own 57.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEMR. Cubist Systematic Strategies LLC bought a new position in shares of Semrush in the second quarter worth $3,006,000. Point72 Asset Management L.P. purchased a new position in shares of Semrush in the second quarter worth about $123,000. Algert Global LLC boosted its stake in shares of Semrush by 13.8% during the second quarter. Algert Global LLC now owns 84,931 shares of the company's stock valued at $1,137,000 after purchasing an additional 10,282 shares during the period. SkyView Investment Advisors LLC increased its position in shares of Semrush by 5.1% in the second quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company's stock valued at $2,896,000 after acquiring an additional 10,455 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company's stock worth $225,000 after buying an additional 3,706 shares during the last quarter. 32.86% of the stock is currently owned by hedge funds and other 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.