Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.33.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, August 7th. KeyCorp lifted their price target on shares of Semrush from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, August 6th.

Semrush Trading Down 0.5 %

NASDAQ:SEMR traded down $0.07 on Friday, hitting $13.77. The company had a trading volume of 455,353 shares, compared to its average volume of 416,097. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 153.00 and a beta of 1.59. The firm has a 50 day moving average of $13.77 and a two-hundred day moving average of $13.33. Semrush has a 52 week low of $7.36 and a 52 week high of $16.42.

Insider Buying and Selling at Semrush

In related news, Director Anna Baird sold 10,000 shares of Semrush stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $15.41, for a total value of $154,100.00. Following the completion of the sale, the director now owns 34,534 shares of the company's stock, valued at approximately $532,168.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Semrush news, CMO Andrew Warden sold 4,154 shares of the business's stock in a transaction on Friday, July 5th. The shares were sold at an average price of $13.69, for a total transaction of $56,868.26. Following the sale, the chief marketing officer now owns 261,317 shares of the company's stock, valued at approximately $3,577,429.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anna Baird sold 10,000 shares of the firm's stock in a transaction on Friday, May 31st. The stock was sold at an average price of $15.41, for a total value of $154,100.00. Following the completion of the transaction, the director now directly owns 34,534 shares of the company's stock, valued at $532,168.94. The disclosure for this sale can be found here. Insiders have sold a total of 57,372 shares of company stock worth $800,691 over the last ninety days. 57.83% of the stock is currently owned by company insiders.

Institutional Trading of Semrush

Institutional investors have recently added to or reduced their stakes in the stock. G2 Investment Partners Management LLC bought a new position in Semrush in the 4th quarter valued at $10,597,000. Cat Rock Capital Management LP raised its position in shares of Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company's stock worth $117,426,000 after buying an additional 358,386 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Semrush during the second quarter valued at $3,732,000. Federated Hermes Inc. grew its position in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company's stock worth $3,981,000 after buying an additional 236,010 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Semrush in the 2nd quarter worth about $3,006,000. Hedge funds and other institutional investors 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.