Semrush Holdings, Inc. (NASDAQ:SEMR) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been given an average rating of "Buy" by the eight brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.43.

A number of brokerages have issued reports on SEMR. KeyCorp decreased their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group lowered 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. Jefferies Financial Group upped their price target on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th.

Semrush Stock Down 0.8%

SEMR stock opened at $10.69 on Tuesday. The company has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $12.56. The company has a market capitalization of $1.57 billion, a P/E ratio of 133.64 and a beta of 1.79. Semrush has a fifty-two week low of $7.90 and a fifty-two week high of $18.74.

Insider Activity at Semrush

In other news, CEO Oleg Shchegolev sold 32,932 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 7,268,282 shares in the company, valued at $81,332,075.58. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Andrew Warden sold 17,118 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $191,721.60. Following the completion of the transaction, the chief marketing officer now directly owns 404,992 shares in the company, valued at $4,535,910.40. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,750 shares of company stock worth $1,801,402. 57.83% of the stock is owned by corporate insiders.

Institutional Trading of Semrush

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after purchasing an additional 3,446 shares in the last quarter. Quarry LP raised its position in Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after acquiring an additional 3,589 shares in the last quarter. Signaturefd LLC bought a new position in Semrush during the first quarter valued at approximately $42,000. Amundi lifted its stake in Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company's stock valued at $44,000 after acquiring an additional 1,108 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Semrush in the fourth quarter worth approximately $71,000. Institutional investors and hedge funds 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.

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