Analysts Set Semrush Holdings, Inc. (NASDAQ:SEMR) Price Target at $17.14

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been given an average recommendation of "Buy" by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One investment 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 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.14.

A number of research analysts have issued reports on SEMR shares. Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price for the company.

Semrush Trading Down 0.5 %

Shares of SEMR stock traded down $0.05 during trading hours on Friday, reaching $10.27. The company's stock had a trading volume of 586,360 shares, compared to its average volume of 549,678. The stock has a market capitalization of $1.51 billion, a P/E ratio of 128.39 and a beta of 1.80. The firm's fifty day simple moving average is $10.01 and its 200 day simple moving average is $12.81. Semrush has a one year low of $7.90 and a one year high of $18.74.

Insider Buying and Selling at Semrush

In other news, CEO Oleg Shchegolev sold 32,932 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08. Following the sale, the chief executive officer now owns 7,268,282 shares in the company, valued at $81,332,075.58. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Vranesh sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the director now directly owns 103,731 shares in the company, valued at $1,037,310. This trade represents a 4.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,374 shares of company stock worth $2,012,411. 57.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after buying an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock worth $299,000 after purchasing an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Semrush by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock valued at $247,000 after purchasing an additional 912 shares during the period. Magnetar Financial LLC increased its position in shares of Semrush by 6.3% during the 4th quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock valued at $186,000 after purchasing an additional 933 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Semrush by 4.9% in the 1st quarter. Rhumbline Advisers now owns 49,889 shares of the company's stock worth $465,000 after purchasing an additional 2,314 shares during the period. 32.86% of the stock is 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.