Semrush (NASDAQ:SEMR - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They currently have a $18.00 price target on the stock. Needham & Company LLC's price objective points to a potential upside of 28.21% from the company's previous close.
Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Semrush from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.50.
Get Our Latest Research Report on Semrush
Semrush Stock Performance
Shares of NASDAQ SEMR traded up $0.78 during midday trading on Monday, hitting $14.04. 447,750 shares of the company's stock traded hands, compared to its average volume of 502,658. Semrush has a 1 year low of $8.41 and a 1 year high of $16.42. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 166.25 and a beta of 1.62. The firm has a fifty day moving average of $13.78 and a 200 day moving average of $13.99.
Insiders Place Their Bets
In related news, CFO Brian Mulroy sold 4,207 shares of the firm's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the sale, the chief financial officer now directly owns 433,211 shares in the company, valued at $5,683,728.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Semrush news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the sale, the chief financial officer now owns 433,211 shares in the company, valued at $5,683,728.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 8,964 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.14, for a total value of $126,750.96. Following the completion of the sale, the chief executive officer now owns 4,378,823 shares in the company, valued at approximately $61,916,557.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,789 shares of company stock worth $2,441,412 in the last three months. 57.83% of the stock is owned by company insiders.
Hedge Funds Weigh In On Semrush
Several institutional investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Semrush during the third quarter valued at $387,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Semrush by 9.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,990 shares of the company's stock valued at $2,294,000 after buying an additional 12,651 shares during the period. Quest Partners LLC increased its stake in shares of Semrush by 398.0% during the third quarter. Quest Partners LLC now owns 14,829 shares of the company's stock valued at $233,000 after buying an additional 11,851 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Semrush during the third quarter valued at $1,060,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Semrush by 153.5% during the third quarter. Los Angeles Capital Management LLC now owns 48,769 shares of the company's stock valued at $766,000 after buying an additional 29,534 shares during the period. Hedge funds and other institutional investors own 32.86% of the company's stock.
Semrush Company Profile
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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.
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