Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $15.00 Average Price Target from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.57.

Several brokerages have weighed in on SEMR. JPMorgan Chase & Co. raised their price target on Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, October 2nd. Finally, KeyCorp lifted their target price on shares of Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd.

Insider Transactions at Semrush

In other Semrush news, COO Vitalii Obishchenko sold 4,971 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.97, for a total value of $74,415.87. Following the completion of the sale, the chief operating officer now owns 843,952 shares in the company, valued at approximately $12,633,961.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Semrush news, COO Vitalii Obishchenko sold 4,971 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.97, for a total value of $74,415.87. Following the completion of the sale, the chief operating officer now directly owns 843,952 shares of the company's stock, valued at $12,633,961.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Eugenie Levin sold 3,788 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total transaction of $53,486.56. Following the transaction, the president now directly owns 601,892 shares in the company, valued at approximately $8,498,715.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,867 shares of company stock valued at $2,445,301. Corporate insiders own 57.83% of the company's stock.

Institutional Investors Weigh In On Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in Semrush in the 2nd quarter valued at approximately $3,006,000. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the second quarter valued at $123,000. Algert Global LLC lifted its stake in Semrush by 13.8% during the 2nd quarter. Algert Global LLC now owns 84,931 shares of the company's stock worth $1,137,000 after acquiring an additional 10,282 shares in the last quarter. SkyView Investment Advisors LLC grew its position in Semrush by 5.1% in the 2nd 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company's stock worth $225,000 after purchasing an additional 3,706 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Price Performance

NASDAQ SEMR traded down $0.73 during midday trading on Monday, hitting $13.70. 727,650 shares of the company traded hands, compared to its average volume of 526,413. Semrush has a 52 week low of $7.36 and a 52 week high of $16.42. The company's 50-day simple moving average is $14.03 and its 200-day simple moving average is $13.88. The company has a market cap of $1.99 billion, a PE ratio of 152.17 and a beta of 1.58.

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

About Semrush

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.