Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $16.43 Consensus Target Price from Brokerages

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.

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.00.

A number of brokerages have issued reports on SEMR. Needham & Company LLC cut their price target on Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday. Morgan Stanley set a $9.00 target price on Semrush and gave the stock an "equal weight" rating in a research report on Tuesday. KeyCorp set a $12.00 price target on Semrush and gave the stock an "overweight" rating in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday.

Insider Buying and Selling at Semrush

In related news, insider David W. Mason sold 7,500 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total value of $75,225.00. Following the completion of the transaction, the insider directly owned 261,702 shares of the company's stock, valued at approximately $2,624,871.06. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Oleg Shchegolev sold 2,500,000 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total transaction of $25,025,000.00. Following the sale, the chief technology officer directly owned 26,739,320 shares in the company, valued at approximately $267,660,593.20. The trade was a 8.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,561,250 shares of company stock worth $25,650,643. Company insiders own 55.61% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEMR. Vanguard Group Inc. lifted its stake in shares of Semrush by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,218,495 shares of the company's stock valued at $48,689,000 after purchasing an additional 41,267 shares during the last quarter. Dorsey Asset Management LLC lifted its position in Semrush by 6.8% in the fourth quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock worth $26,831,000 after buying an additional 144,534 shares during the last quarter. Wellington Management Group LLP lifted its position in Semrush by 18.7% in the first quarter. Wellington Management Group LLP now owns 1,819,030 shares of the company's stock worth $16,972,000 after buying an additional 286,674 shares during the last quarter. Millennium Management LLC boosted its stake in Semrush by 4.9% during the first quarter. Millennium Management LLC now owns 1,306,684 shares of the company's stock worth $12,191,000 after buying an additional 60,575 shares during the period. Finally, Nuveen LLC bought a new position in Semrush during the first quarter valued at $10,762,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Trading Up 2.8%

Semrush stock traded up $0.21 during midday trading on Friday, hitting $7.51. The stock had a trading volume of 1,096,307 shares, compared to its average volume of 806,556. Semrush has a 52-week low of $7.10 and a 52-week high of $18.74. The company has a market capitalization of $1.11 billion, a PE ratio of 93.82 and a beta of 1.65. The firm's fifty day moving average is $9.28 and its two-hundred day moving average is $11.05.

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.