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

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has been assigned an average recommendation of "Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.43.

SEMR has been the topic of a number of recent research reports. KeyCorp cut their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group cut their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Morgan Stanley cut their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Jefferies Financial Group lifted their target price on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, February 3rd.

Semrush Stock Performance

Shares of SEMR traded down $0.20 during mid-day trading on Tuesday, reaching $9.64. The company had a trading volume of 870,079 shares, compared to its average volume of 546,850. The company's 50 day simple moving average is $9.75 and its 200 day simple moving average is $12.46. Semrush has a 1-year low of $7.90 and a 1-year high of $18.74. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 120.53 and a beta of 1.79.

Insider Transactions at Semrush

In other Semrush news, CEO Oleg Shchegolev sold 32,932 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the sale, the chief executive officer now owns 7,268,282 shares in the company, valued at approximately $81,332,075.58. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Andrew Warden sold 7,344 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $10.81, for a total value of $79,388.64. Following the completion of the transaction, the chief marketing officer now directly owns 393,655 shares in the company, valued at approximately $4,255,410.55. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,750 shares of company stock valued at $1,801,402 over the last three months. Corporate insiders own 55.61% of the company's stock.

Hedge Funds Weigh In On Semrush

Several institutional investors have recently bought and sold shares of SEMR. Nuveen LLC purchased a new position in Semrush in the first quarter valued at approximately $10,762,000. Topline Capital Management LLC purchased a new stake in Semrush in the 4th quarter worth about $9,267,000. Millennium Management LLC increased its holdings in Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after acquiring an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Semrush in the 4th quarter worth about $6,869,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after acquiring an additional 541,899 shares during the last quarter. Hedge funds and other institutional investors 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.