Semrush (NASDAQ:SEMR) Price Target Lowered to $12.00 at The Goldman Sachs Group

Semrush (NASDAQ:SEMR - Free Report) had its target price lowered by The Goldman Sachs Group from $14.00 to $12.00 in a report published on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other research firms have also recently weighed in on SEMR. Needham & Company LLC restated a "buy" rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price target for the company. Jefferies Financial Group upped their target price on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley upgraded Semrush from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.14.

Semrush Stock Performance

SEMR traded up $0.13 during trading on Friday, reaching $9.46. The company's stock had a trading volume of 130,826 shares, compared to its average volume of 535,883. Semrush has a 52-week low of $9.07 and a 52-week high of $18.74. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 118.14 and a beta of 1.77. The company's fifty day moving average price is $13.88 and its 200-day moving average price is $13.66.

Insider Activity at Semrush

In other Semrush news, CEO Oleg Shchegolev sold 6,859 shares of the company'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 $80,318.89. Following the transaction, the chief executive officer now directly owns 7,301,214 shares of the company's stock, valued at $85,497,215.94. This represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel David W. Mason sold 1,875 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares of the company's stock, valued at $2,716,817.25. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,138 shares of company stock valued at $3,257,549. Insiders own 57.83% of the company's stock.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently modified their holdings of the stock. Topline Capital Management LLC acquired a new stake in Semrush during the fourth quarter valued at approximately $9,267,000. Millennium Management LLC increased its holdings in shares of Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock valued at $14,804,000 after acquiring an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Semrush during the 4th quarter valued at approximately $6,869,000. Arrowstreet Capital Limited Partnership lifted its stake in Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Finally, FMR LLC boosted its holdings in Semrush by 19.4% in the third quarter. FMR LLC now owns 2,876,365 shares of the company's stock worth $45,188,000 after purchasing an additional 467,517 shares during the period. Institutional investors and hedge funds own 32.86% of the company's stock.

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.