Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) PT at $15.57

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.57.

A number of brokerages recently issued reports on SEMR. Needham & Company LLC reiterated a "buy" rating and set a $18.00 target price on shares of Semrush in a research report on Tuesday. The Goldman Sachs Group raised their price objective on Semrush from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. KeyCorp upped their price target on Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd.

Semrush Stock Performance

Semrush stock traded up $0.03 during mid-day trading on Friday, hitting $13.14. The company's stock had a trading volume of 287,086 shares, compared to its average volume of 502,582. The company has a 50 day moving average of $13.82 and a 200-day moving average of $13.90. Semrush has a one year low of $7.38 and a one year high of $16.42. The stock has a market cap of $1.92 billion, a PE ratio of 131.10 and a beta of 1.58.

Semrush (NASDAQ:SEMR - Get Free Report) last posted 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). The company had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. On average, equities research analysts forecast that Semrush will post 0.08 EPS for the current fiscal year.

Insider Activity at Semrush

In related news, Director Mark Vranesh sold 7,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total value of $116,325.00. Following the transaction, the director now directly owns 113,731 shares in the company, valued at $1,763,967.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark Vranesh sold 7,500 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total value of $116,325.00. Following the sale, the director now directly owns 113,731 shares of the company's stock, valued at $1,763,967.81. This 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 available at this link. Also, President Eugenie Levin sold 3,788 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total value of $53,486.56. Following the completion of the sale, the president now owns 601,892 shares of the company's stock, 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 sold 171,200 shares of company stock valued at $2,420,533. 57.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently added to or reduced their stakes in SEMR. Dimensional Fund Advisors LP lifted its position in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company's stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of 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 during the last quarter. Millennium Management LLC boosted its holdings in Semrush by 126.5% during the second quarter. Millennium Management LLC now owns 294,374 shares of the company's stock worth $3,942,000 after purchasing an additional 164,395 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Semrush in the second quarter valued at about $3,732,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Semrush by 33.0% in the 2nd quarter. Squarepoint Ops LLC now owns 247,488 shares of the company's stock valued at $3,314,000 after purchasing an additional 61,456 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company's stock.

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.