Semrush Holdings, Inc. (NASDAQ:SEMR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.13.

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday. Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $17.00 to $20.00 in a report on Monday. Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a research note on Tuesday. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group upped their price target on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th.

Semrush Price Performance

NASDAQ SEMR traded up $1.43 during midday trading on Wednesday, hitting $14.76. 951,259 shares of the company traded hands, compared to its average volume of 627,262. Semrush has a 52 week low of $9.64 and a 52 week high of $16.42. The company's 50-day simple moving average is $13.13 and its 200-day simple moving average is $13.57. The company has a market cap of $2.17 billion, a PE ratio of 184.52 and a beta of 1.62.

Insider Activity

In other Semrush news, CMO Andrew Warden sold 8,462 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the transaction, the chief marketing officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dmitry Melnikov sold 44,592 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total transaction of $568,993.92. Following the sale, the director now directly owns 8,978,501 shares in the company, valued at $114,565,672.76. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 263,711 shares of company stock valued at $3,332,605 in the last ninety days. Insiders own 57.83% of the company's stock.

Hedge Funds Weigh In On Semrush

Several large investors have recently made changes to their positions in SEMR. Verition Fund Management LLC increased its holdings in Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company's stock valued at $2,113,000 after buying an additional 99,021 shares in the last quarter. Barclays PLC grew its position in shares of Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company's stock valued at $1,609,000 after acquiring an additional 54,830 shares during the period. VELA Investment Management LLC purchased a new position in shares of Semrush in the 3rd quarter valued at about $701,000. Renaissance Technologies LLC acquired a new position in Semrush in the 2nd quarter worth about $3,732,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Semrush during the second quarter worth approximately $3,006,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.