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

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.50.

A number of brokerages recently weighed in on SEMR. The Goldman Sachs Group lifted their target price 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. JPMorgan Chase & Co. boosted their price objective on Semrush from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. Finally, KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd.

Insider Activity at Semrush

In other news, COO Vitalii Obishchenko sold 4,971 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.97, for a total transaction of $74,415.87. Following the completion of the sale, the chief operating officer now directly owns 843,952 shares of the company's stock, valued at $12,633,961.44. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Vranesh sold 7,500 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total transaction of $116,325.00. Following the completion of the transaction, the director now directly owns 113,731 shares in the company, valued at approximately $1,763,967.81. The trade was a 6.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,580 shares of company stock valued at $2,164,888 in the last three months. Corporate insiders own 57.83% of the company's stock.

Institutional Trading of Semrush

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEMR. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the second quarter valued at approximately $123,000. DRW Securities LLC purchased a new position in Semrush during the 3rd quarter worth $157,000. Virtu Financial LLC bought a new stake in shares of Semrush in the 3rd quarter worth $158,000. Olympiad Research LP purchased a new stake in shares of Semrush in the third quarter valued at about $159,000. Finally, Versor Investments LP bought a new position in shares of Semrush during the second quarter valued at about $174,000. 32.86% of the stock is owned by institutional investors.

Semrush Stock Down 1.3 %

Semrush stock traded down $0.16 during mid-day trading on Friday, hitting $12.20. 622,673 shares of the stock were exchanged, compared to its average volume of 503,431. The firm's fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $13.79. Semrush has a 12 month low of $9.64 and a 12 month high of $16.42. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 152.52 and a beta of 1.59.

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.