Semrush Holdings, Inc. (NASDAQ:SEMR) Receives $14.00 Average PT from Analysts

Key Points

• Semrush Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from eight analysts, with an average twelve-month price objective of $14.00.
• The stock recently opened at $7.86, with a one-year trading range between $7.01 and $18.74, and a market capitalization of $1.17 billion.
• Recent insider trading activities saw CFO Brian Mulroy sell 20,000 shares, representing a 2.16% decrease in their ownership, and Director Anna Baird also reduced their stake substantially.

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

Several equities research analysts have weighed in on the company. KeyCorp set a $12.00 target price on Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $9.00 target price on Semrush and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Needham & Company LLC dropped 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, August 5th. 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, August 6th.

Semrush Trading Up 0.2%

NASDAQ SEMR traded up $0.02 on Thursday, hitting $7.90. 1,054,005 shares of the company's stock were exchanged, compared to its average volume of 868,170. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $9.91. Semrush has a 52 week low of $7.01 and a 52 week high of $18.74. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 98.70 and a beta of 1.65.

Insiders Place Their Bets

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the sale, the chief marketing officer directly owned 366,917 shares in the company, valued at approximately $2,850,945.09. This trade represents a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anna Baird sold 20,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $10.00, for a total value of $200,000.00. Following the sale, the director owned 26,556 shares of the company's stock, valued at approximately $265,560. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,906 shares of company stock valued at $600,644 over the last ninety days. 55.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Semrush

Several large investors have recently made changes to their positions in the company. Caxton Associates LLP grew its stake in shares of Semrush by 61.8% in the 2nd quarter. Caxton Associates LLP now owns 39,835 shares of the company's stock valued at $361,000 after buying an additional 15,212 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Semrush by 56.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company's stock valued at $57,000 after buying an additional 2,259 shares during the period. Engineers Gate Manager LP grew its stake in shares of Semrush by 43.1% in the 2nd quarter. Engineers Gate Manager LP now owns 253,526 shares of the company's stock valued at $2,294,000 after buying an additional 76,333 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Semrush in the 2nd quarter valued at about $6,926,000. Finally, Bank of America Corp DE grew its stake in shares of Semrush by 871.8% in the 2nd quarter. Bank of America Corp DE now owns 940,144 shares of the company's stock valued at $8,508,000 after buying an additional 843,406 shares during the period. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.