Semrush Holdings, Inc. (NASDAQ:SEMR) Given Average Recommendation of "Buy" by Brokerages

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has received a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.14.

Several equities analysts have recently weighed in on SEMR shares. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Morgan Stanley cut their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Northland Capmk upgraded Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Northland Securities began coverage on Semrush in a report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th.

Insider Transactions at Semrush

In other Semrush news, CFO Brian Mulroy sold 4,207 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the sale, the chief financial officer now directly owns 694,351 shares of the company's stock, valued at approximately $5,978,362.11. This represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Andrew Warden sold 17,118 shares of Semrush stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $191,721.60. Following the transaction, the chief marketing officer now directly owns 404,992 shares in the company, valued at approximately $4,535,910.40. This represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 170,374 shares of company stock worth $1,962,411 in the last quarter. 57.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock valued at $61,505,000 after buying an additional 113,222 shares during the period. Dorsey Asset Management LLC boosted its stake in Semrush by 6.8% in the fourth quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock valued at $26,831,000 after acquiring an additional 144,534 shares during the last quarter. Millennium Management LLC grew its position in shares of Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock valued at $14,804,000 after acquiring an additional 755,220 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Semrush by 17.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock worth $9,768,000 after purchasing an additional 123,709 shares during the period. Institutional investors own 32.86% of the company's stock.

Semrush Stock Up 5.5 %

Semrush stock opened at $10.22 on Friday. The company has a market capitalization of $1.50 billion, a PE ratio of 127.70 and a beta of 1.80. Semrush has a 12-month low of $7.90 and a 12-month high of $18.74. The firm's fifty day moving average is $10.55 and its 200 day moving average is $12.89.

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.

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