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

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.43.

Several analysts have weighed in on SEMR shares. Morgan Stanley dropped their target price on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group reduced their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, KeyCorp lowered their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th.

Insider Activity at Semrush

In related news, CFO Brian Mulroy sold 20,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $10.43, for a total value of $208,600.00. Following the completion of the sale, the chief financial officer owned 907,385 shares of the company's stock, valued at approximately $9,464,025.55. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Andrew Warden sold 7,344 shares of Semrush stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $10.81, for a total transaction of $79,388.64. Following the transaction, the chief marketing officer directly owned 393,655 shares in the company, valued at $4,255,410.55. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,565,457 shares of company stock worth $25,686,865 in the last 90 days. 55.61% of the stock is owned by insiders.

Institutional Trading of Semrush

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Semrush in the 1st quarter worth approximately $10,762,000. Topline Capital Management LLC purchased a new position in Semrush in the fourth quarter valued at $9,267,000. Millennium Management LLC increased its stake in shares of Semrush by 153.8% during the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after buying an additional 755,220 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock valued at $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Semrush by 129.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 674,396 shares of the company's stock worth $6,292,000 after acquiring an additional 380,165 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Price Performance

NASDAQ SEMR traded down $0.10 on Wednesday, hitting $8.96. The stock had a trading volume of 699,183 shares, compared to its average volume of 588,058. Semrush has a 52-week low of $7.90 and a 52-week high of $18.74. The business's fifty day moving average price is $9.73 and its 200 day moving average price is $11.49. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 111.95 and a beta of 1.65.

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.