Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) PT at $16.43

Key Points

• Semrush Holdings, Inc. (NASDAQ:SEMR) has received an average rating of "Buy" from eight analysts, with a 12-month target price of $16.43.
• Recent insider sales included 20,000 shares sold by Director Anna Baird and 2.5 million shares sold by CTO Oleg Shchegolev, indicating significant insider activity.
• Institutional investors have increased their stakes in Semrush, with notable growth from Teacher Retirement System of Texas and AlphaQuest LLC during the second quarter.

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.43.

Several equities analysts have commented on SEMR shares. Morgan Stanley decreased their price target on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. KeyCorp dropped their target price on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th.

Semrush Price Performance

Shares of SEMR stock traded down $0.46 during trading hours on Friday, hitting $8.51. The company had a trading volume of 863,401 shares, compared to its average volume of 772,695. The company's fifty day moving average is $9.34 and its 200 day moving average is $11.15. Semrush has a fifty-two week low of $7.90 and a fifty-two week high of $18.74. The stock has a market capitalization of $1.26 billion, a PE ratio of 106.33 and a beta of 1.65.

Insider Buying and Selling

In related news, CTO Oleg Shchegolev sold 2,500,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total value of $25,025,000.00. Following the completion of the sale, the chief technology officer owned 26,739,320 shares in the company, valued at $267,660,593.20. This trade represents a 8.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David W. Mason sold 7,500 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total transaction of $75,225.00. Following the transaction, the insider owned 261,702 shares of the company's stock, valued at $2,624,871.06. This trade represents a 2.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,561,250 shares of company stock worth $25,650,643. 55.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC purchased a new stake in shares of Semrush during the first quarter worth about $42,000. Amundi grew its holdings in shares of Semrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company's stock worth $44,000 after buying an additional 1,108 shares in the last quarter. Quarry LP grew its holdings in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after buying an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Semrush during the fourth quarter worth about $71,000. Finally, Comerica Bank grew its holdings in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after buying an additional 801 shares in the last quarter. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.