Brokerages Set Semrush Holdings, Inc. (NASDAQ:SEMR) Target Price at $17.88

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.88.

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

Insider Buying and Selling

In other news, President Eugenie Levin sold 15,093 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.11, for a total value of $258,241.23. Following the sale, the president now directly owns 493,456 shares in the company, valued at approximately $8,443,032.16. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 8,462 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the transaction, the chief marketing officer now owns 276,656 shares of the company's stock, valued at approximately $3,239,641.76. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,090 shares of company stock worth $4,736,123 over the last three months. 57.83% of the stock is owned by insiders.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE boosted its stake in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after purchasing an additional 3,446 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Semrush in the 4th quarter valued at about $71,000. Arizona State Retirement System bought a new position in Semrush in the 4th quarter worth about $128,000. Stoneridge Investment Partners LLC purchased a new position in shares of Semrush during the fourth quarter worth approximately $135,000. Finally, DRW Securities LLC purchased a new position in shares of Semrush during the third quarter worth approximately $157,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Trading Down 2.1 %

Shares of NASDAQ:SEMR traded down $0.38 during midday trading on Friday, reaching $17.69. 688,558 shares of the company were exchanged, compared to its average volume of 744,924. The stock has a market cap of $2.60 billion, a PE ratio of 221.15 and a beta of 1.69. The business's fifty day moving average is $14.34 and its two-hundred day moving average is $13.98. Semrush has a one year low of $9.64 and a one year high of $18.74.

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.