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

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has received a consensus rating of "Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.71.

Several brokerages have commented on SEMR. Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price objective on the stock. Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th.

Insider Buying and Selling

In related news, President Eugenie Levin sold 11,662 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.15, for a total value of $130,031.30. Following the completion of the transaction, the president now directly owns 686,268 shares of the company's stock, valued at $7,651,888.20. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David W. Mason sold 9,127 shares of Semrush stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the transaction, the insider now directly owns 272,924 shares of the company's stock, valued at approximately $3,040,373.36. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 481,253 shares of company stock valued at $6,192,121 over the last ninety days. 57.83% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank lifted its holdings in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after acquiring an additional 801 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock valued at $299,000 after buying an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock valued at $247,000 after buying an additional 912 shares during the last quarter. Magnetar Financial LLC raised its holdings in shares of Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock valued at $186,000 after buying an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Semrush by 11.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company's stock valued at $274,000 after buying an additional 2,421 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

Semrush Stock Down 1.6 %

SEMR stock traded down $0.17 during midday trading on Thursday, hitting $10.16. 1,162,035 shares of the company traded hands, compared to its average volume of 803,060. Semrush has a twelve month low of $9.73 and a twelve month high of $18.74. The business has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $14.08. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 126.95 and a beta of 1.77.

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.