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

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) has earned a consensus recommendation of "Buy" from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.43.

Several equities analysts recently issued reports on SEMR shares. Morgan Stanley dropped their price target on 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 dropped their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Finally, KeyCorp dropped their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th.

Semrush Stock Up 0.7%

SEMR stock traded up $0.06 during trading on Wednesday, hitting $9.04. The company had a trading volume of 451,344 shares, compared to its average volume of 586,575. The firm has a market cap of $1.34 billion, a PE ratio of 113.01 and a beta of 1.65. Semrush has a 1-year low of $7.90 and a 1-year high of $18.74. The firm has a 50-day moving average price of $9.78 and a 200-day moving average price of $11.53.

Insiders Place Their Bets

In related news, CTO Oleg Shchegolev sold 2,500,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $10.01, for a total value of $25,025,000.00. Following the sale, the chief technology officer owned 26,739,320 shares in the company, valued at $267,660,593.20. This represents a 8.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anna Baird sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $10.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 26,556 shares in the company, valued at approximately $265,560. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,565,457 shares of company stock worth $25,686,865. 55.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Semrush

Large investors have recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after purchasing an additional 801 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Semrush by 3.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock valued at $299,000 after purchasing an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock valued at $247,000 after acquiring an additional 912 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock valued at $186,000 after acquiring an additional 933 shares in the last quarter. Finally, Amundi grew its stake in shares of Semrush by 29.3% during 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 in the last quarter. 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.