Semrush Holdings, Inc. (NASDAQ:SEMR) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have given Semrush Holdings, Inc. (NASDAQ:SEMR) an average rating of "Moderate Buy", with price targets ranging from $9.00 to $14.00.
• The company's shares opened at $7.35, with a market cap of $1.09 billion and a price-to-earnings ratio of 91.82.
• Insider trading activity has been observed, with key executives selling shares recently, indicating potential concerns about the stock's future performance.

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.00.

SEMR has been the subject of several research reports. Morgan Stanley set a $9.00 price target on shares of Semrush and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. KeyCorp set a $12.00 price target on shares of Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group decreased their price target on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Needham & Company LLC decreased their price target on shares of Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th.

Semrush Trading Down 2.5%

NASDAQ:SEMR opened at $7.35 on Monday. The company has a 50-day moving average price of $8.12 and a 200-day moving average price of $9.09. Semrush has a 12 month low of $7.01 and a 12 month high of $18.74. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 91.82 and a beta of 1.64.

Insider Activity

In other Semrush news, CMO Andrew Warden sold 7,000 shares of Semrush stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total value of $54,390.00. Following the completion of the transaction, the chief marketing officer directly owned 366,917 shares of the company's stock, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Vranesh sold 5,000 shares of Semrush stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director directly owned 116,693 shares of the company's stock, valued at $1,166,930. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,406 shares of company stock valued at $116,819. 55.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Signaturefd LLC purchased a new position in Semrush in the first quarter worth about $42,000. Amundi raised its holdings in Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company's stock worth $44,000 after buying an additional 1,108 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Semrush by 96.4% in the second quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company's stock worth $50,000 after buying an additional 2,700 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Semrush by 56.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company's stock worth $57,000 after buying an additional 2,259 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Semrush in the second quarter worth about $93,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.