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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have received a consensus rating of "Buy" from the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.14.

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

Insider Activity

In related news, COO Vitalii Obishchenko sold 5,293 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89. Following the sale, the chief operating officer now directly owns 838,659 shares of the company's stock, valued at $9,837,470.07. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Andrew Warden sold 3,993 shares of Semrush stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the completion of the sale, the chief marketing officer now owns 400,999 shares of the company's stock, valued at $3,793,450.54. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 259,206 shares of company stock worth $3,333,790 over the last 90 days. 57.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEMR. US Bancorp DE grew its position in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after purchasing an additional 3,446 shares during the period. Quarry LP boosted its stake in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Semrush in the fourth quarter worth $71,000. Comerica Bank increased its position in 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 last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Semrush during the fourth quarter valued at $86,000. Institutional investors own 32.86% of the company's stock.

Semrush Stock Performance

Shares of SEMR traded down $0.53 on Monday, reaching $8.93. The stock had a trading volume of 598,366 shares, compared to its average volume of 536,730. Semrush has a 12-month low of $8.65 and a 12-month high of $18.74. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 111.58 and a beta of 1.77. The company has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $13.57.

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.