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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.50.

Several research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock 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 stock an "overweight" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th.

Semrush Trading Down 0.4 %

Shares of NASDAQ SEMR traded down $0.06 during midday trading on Tuesday, hitting $13.84. The company's stock had a trading volume of 313,815 shares, compared to its average volume of 507,214. The business's 50 day moving average is $13.90 and its two-hundred day moving average is $14.06. Semrush has a 12-month low of $9.64 and a 12-month high of $16.42. The firm has a market cap of $2.03 billion, a P/E ratio of 172.96 and a beta of 1.62.

Insider Buying and Selling at Semrush

In related news, CEO Oleg Shchegolev sold 8,964 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.14, for a total value of $126,750.96. Following the sale, the chief executive officer now directly owns 4,378,823 shares in the company, valued at $61,916,557.22. The trade was a 0.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dmitry Melnikov sold 10,011 shares of Semrush stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $14.02, for a total transaction of $140,354.22. Following the transaction, the director now owns 9,362,419 shares of the company's stock, valued at approximately $131,261,114.38. The trade was a 0.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,123 shares of company stock valued at $2,320,088. 57.83% of the stock is owned by company insiders.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in Semrush in the 2nd quarter valued at about $123,000. Summit Global Investments purchased a new position in Semrush during the second quarter worth about $156,000. DRW Securities LLC acquired a new position in Semrush during the third quarter worth approximately $157,000. Virtu Financial LLC purchased a new position in shares of Semrush in the 3rd quarter worth $158,000. Finally, Olympiad Research LP acquired a new position in shares of Semrush in the 3rd quarter valued at about $159,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.